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Meadows Horse-Racing Sees Bigger Winnings, Betting

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Aug 5, 2007 2:40 pm US/Eastern

Meadows Horse-Racing Sees Bigger Winnings, Betting

HOUSTON (AP) ― Racers, owners and others in the long-beleaguered horse-racing business are seeing rising profits and an influx of cash since slot machines began operating at The Meadows Racetrack And Casino.

The boost is largely a result of a law that diverts a percentage of each dollar lost at the slot machines to the horse gambling that has been foundering without a prop.

At a recent race this past week, 35-year-old driver Mike Wilder earned $385 for bringing his horse across the finish line in just under two minutes.

The total purse was more than $15,000 about 50 percent higher than it would have been a year ago.

The 43-year-old racetrack will also soon undergo a complete renovation that is expected to further boost profits.

(© 2007 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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