An overnight purse cut of 7 to 10 percent looms for the Santa Anita 2008-09 meet, with the final decision to be made in the next few weeks. The TOC, which represents owners, has to sign off on the deal. This comes on the heels of Hollywood Park’s recent accouncement that it is cutting purses by 7 percent. Del Mar cut its purses over the summer and Fairplex Park, where business was slow this past summer, is considering cuts for its 2009 meet. It’s obvious horse racing is not immune from the economic downturn that is sweeping the country.