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US Gr1 & Gr2 Minimum Purses Raised From 2014
The American Graded Stakes Committee (AGSC) has announced that minimum prize money levels for Gr1 & Gr2 races will increase by US$50,000 to US$300,000 and US$200,000 respectively, reports bloodhorse.com. Minimum purses for Gr3, Listed, and grade-eligible stakes races will remain at US$100,000, US$75,000 and US$75,000 respectively. Dr J. David Richardson, chairman of the AGSC, commented, "There had been no raise in the purse minimum for graded stakes for several years and the committee felt it was important to have higher purses for our top tier races." He added, "Many non-stakes races now have purses comparable to graded races and we believe our best races should be set apart from the rest."