Hoosier Park
| Hoosier Park Racing & Casino | |
|---|---|
| Location | Anderson, Indiana |
| Address | 4500 Dan Patch Circle |
| Opening date | June 2008 |
| Total gaming space | 92,000 sq ft (8,500 m2) |
| Casino type | Racino |
| Owner | Centaur, Inc. |
| Website | www |
Hoosier Park is a racino including a thoroughbred and standardbred racetrack located in Anderson, Indiana, United States.
In 2009, the Horseplayers Association of North America introduced a rating system for 65 Thoroughbred racetracks in North America. Hoosier Park was initially ranked #4, but has since fallen out of the rankings as of 2014.
In 1990, Virgil E. Cook, a prominent local businessman and longtime resident of Anderson, Indiana, donated 110 acres (0.45 km2) of commercial real estate to the city for the sole purpose of developing a pari-mutuel racing facility. In 1992, Churchill Downs Incorporated announced plans to purchase Indiana's only pari-mutuel license from The Anderson Park Group headed by Louis Carlo and open a racetrack on the site of the land donated by Cook. It was the first racetrack outside Kentucky owned by Churchill Downs since 1939. In February 1994 a contract was signed for the construction of Hoosier Park. The construction of the facility cost approximately $13 million. On September 1, 1994, the track finally opened. A crowd of 7,633 came to the grand opening of the standardbred season. The track announces plans to open four off-track betting facilities in Indiana. On October 7, 1995, the first Indiana Derby was run.
Churchill Downs sold Hoosier Park in April 2007 for 8.2 million dollars to Centaur Group.
Legislation was passed shortly after April 2007 to permit slot machines at both tracks, essentially converting them to what is called a "racino". Both tracks were legislated to get a 55 percent share of the estimated $325 million the 2,000 slots at each of the state's two tracks were expected to generate annually. This would also increase the purse sizes of the races.
Hoosier Park Casino opened to the public on June 2, 2008.
In 2001, Indiana Downs became the second horse racing track in the state. Initially located in Fairland, Indiana; it was later annexed into nearby Shelbyville, Indiana.
Competition eventually took its toll on Hoosier Park. When Indiana Downs opened, Hoosier Park was forced to split the state subsidy granted when the state had to issue two licenses. Also for the first time, Hoosier Park faced competition; both tracks are approximately 40 minutes apart and are about 15 minutes outside of Indianapolis.
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Wikipedia