foxsports
The reductions take effect Saturday.
Track officials said Wednesday that through the first 16 days of racing, Oak Tree's overall pari-mutuel wagering was down 12 percent compared to last year.
The meeting began Sept. 30 and runs through Nov. 8, including the Breeders' Cup world championships on Nov. 6 and 7, the two richest days in thoroughbred racing.
Oak Tree director Sherwood Chillingworth said unemployment in Los Angeles County is near 13 percent, which has negatively affected wagering.
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