purse

People place bets at Santa Anita Park, where purses have declined along with the number of horses racing and lack of money coming from off-site betting.

(Getty Images)

Figuring out the purse for 34 of the 35 graded stakes races at Santa Anita is, for horsemen anyway, maddeningly simple: Just look up the minimum purse required in North America.

For a Grade 1 race, that’s $300,000. It drops to $200,000 for Grade 2 races and $100,000 for Grade 3s.

Even the one local exception, the Santa Anita Derby, pays “only” $500,000 after offering $750,000 from 2021-24. The current amount is half the purse on offer for the top 3-year-old races at Gulfstream Park (Florida Derby) and Fair Grounds (Louisiana Derby), and just one-third what Oaklawn Park pays for the Arkansas Derby.

Last year the Santa Anita Derby attracted only five entries, which reduced the number of Kentucky Derby qualifying points available in the race. That almost kept Baeza, who finished second to Journalism in the Arcadia race, from qualifying for the Derby (he made it in the field only after another horse was scratched and wound up placing third).

It’s the same story for older horses, where Gulfstream offers the $3-million Pegasus World Cup next month plus turf races for $1 million and $500,000. Oaklawn Park has a half-dozen races worth at least $500,000 (two at $1.25 million), and Fair Grounds has three between $250,000 and $500,000. No Grade 3 race at any of those tracks offers less than $150,000.

All of that makes it harder for Santa Anita to attract top horses from those states, which increase purses with money from slot machines or casinos, something not available to California tracks. Santa Anita, however, has hiked its purses this meeting for maiden and allowance races.