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Purse Money Released In Michigan

Published: September 6, 2017 4:04 pm ET

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It has been reported that more than $1 million in purse money that had been in escrow for more than two years has been released to Hazel Park Raceway and the Michigan Harness Horsemen’s Association.

News of the Michigan Control Board’s release of the funds comes courtesy of an article by Crain’s Detroit Business.

The MHHA is expected to receive roughly $850,000 for future races at Northville Downs, while Hazel Park will receive roughly $150,000 for upgrades.

The Crain’s Detroit Business article goes on to explain that the monies were accumulated at Hazel Park Raceway in 2014 for the MHHA’s 2015 season of racing. The money was then put into an escrow account after it was determined that Hazel Park would no longer host live Standardbred racing.

The article explains that live Standardbred racing then moved to Northville Downs, but, at the time, a state law required the purse money to be doled out at the track in which it was accumulated.

(With files from Crain’s Detroit Business)

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