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Paymaster of Purses

Pay purses to owners of winning horses.

What does a Paymaster of Purses do?

Pays purses to owners of winning horses and receives deposits from owners for expenses at racetrack: Receives deposits from owners desiring to claim horses in claiming race and for racing expenses, such as entry and rider fees and stable expenses. Pays owners of winning horses amounts specified on official programs. Pays claiming price to sellers, pays racing expenses for owners, and debits accounts. Periodically balances owners’ accounts. Notifies owners when accounts are overdrawn or writes checks to close accounts. Compiles and records information concerning ownership of horses for submission to racing officials.