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Horse Racing Purse Money: Where’s It From and How’s It Split?

Did you know that in 2022, over $12 billion was wagered in thoroughbred horse racing, with total purses distributed reaching an unprecedented $1.25 billion? As a seasoned racehorse owner, I often discuss the sport’s facets with enthusiasts. A common question arises: “Where does the horse racing purse money come from?” This money, crucial for fueling …

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