NEWS
They’re off and running: Ruidoso races expected to boost Albuquerque economy
Floods and fires forced Ruidoso Downs to relocate its entire 2026 racing season to Albuquerque, bringing an unexpected economic windfall to local businesses
The cheers echoing across the Downs at Albuquerque this spring have carried more significance than a typical day at the races.
After flooding left Ruidoso Downs unable to host its 2026 season, officials moved 49 days of racing — including some of quarter horse racing’s richest events — to Albuquerque, bringing an economic windfall to local businesses while dealing a costly blow to the mountain community.
In late May, Albuquerque resident Jose Holguin was among hundreds who attended opening day of the Ruidoso Downs season at the Downs at Albuquerque.
Before the second race, he bet $10 on the quarter horses Whatdyathinkofmenow and Blueyy because they had posted fast times in previous races, he said.
After the public address announcer shouted, “They’re running,” Holguin began cheering.
Three-hundred-fifty yards later, Blueyy finished third. Whatdyathinkofmenow finished out of the money.
Despite the loss, Holguin said he was happy to be at the racetrack at 145 Louisiana NE in Albuquerque.
In years past, fans like Holguin would have traveled about 200 miles south to Ruidoso Downs Race Track to catch the action. The track was a cultural fixture in Ruidoso, drawing thousands of summer visitors and earning a reputation for world-class quarter horse racing.
But in 2024, fires and floods damaged homes and businesses in Lincoln County, including portions of the racetrack. Then last year, flooding caused extensive damage to the facility, prompting officials to relocate the entire 2026 season.
“There was just too much threat of danger,” Ruidoso Downs General Manager Rick Baugh said.
Moving this year’s 49 days of racing to Albuquerque is expected to cost the Ruidoso-area economy between $160 million and $180 million, he added.
One of the meet’s marquee races, the Ruidoso Quarter Horse Derby, was held June 6. The $3 million All American Futurity is scheduled for Sept. 7.
While Ruidoso is expected to lose millions, Albuquerque business owners anticipate an economic boost in the coming months.
‘Dedicated to supporting our neighbors’
The Downs at Albuquerque racing season typically begins in August, so relocating the Ruidoso meet required preparations months earlier than usual.
Don Cook, president of racing at the Downs at Albuquerque, said he received “real short notice” in 2024 when he learned the races would be moved.
“It was a semi-shock to get the call that they were going to run it here then,” he said.
“This year we had a little more time to plan for it.”
One challenge was accommodating the large number of horses.
“We got more than 4,000 applications for 1,600 stalls, so we had to go through and trim the roster,” Cook said. “But the main hurdle was figuring out how to get these horses in here.”
Baugh and horse owners praised Cook and his staff for ensuring the track was ready.
“If they hadn’t stepped in to help, we don’t know where we would be,” said Pete Scarmardo, a horse owner from Caldwell, Texas.
While Ruidoso horse owners are grateful racing will take place this year, Albuquerque business owners such as Frances Garcia of 4-H Feed are also happy to see more races in the city.
After Ruidoso races moved to Albuquerque in 2025, Garcia said business increased by 70% to 80%, and she expects another boost this year.
“We’re kind of like a bed-and-breakfast for horses,” she said. “The trainers place orders for feed, and we deliver it directly to the stalls.”
Cook said horse owners have traveled from as far away as Canada.
“It’s a huge economic impact for Albuquerque,” he said. “The amount of money it brings in, I couldn’t answer that. But trying to get a hotel room or restaurant reservation is tough.”
Sheraton Uptown General Manager Damen Kompanowski said he has seen an increase in visitors, especially on nights before races.
“My colleagues in the area have reported a similar uptick during race weekends, and some of our long-term-stay hotels are hosting trainers for the race season,” he said. “While we are seeing positive results that benefit local hotels and businesses, we remain dedicated to supporting our neighbors and are ready to help the Ruidoso community in its recovery efforts.”
Greater Albuquerque Chamber of Commerce President and CEO Terri Cole said the venue change “is a good example of how regional industry disruptions ripple statewide, and it shows why the Downs at Albuquerque can play a critical, stabilizing role for the entire New Mexico racing ecosystem right now.”
While she said she did not know the exact financial impact on local businesses, “I can tell you it is a net positive.”
It remains unclear how long the Downs at Albuquerque will continue hosting Ruidoso races. Cook said the track plans “to keep this thing going until they figure out what they’re going to do down there.”
Baugh said he hopes racing will eventually return to Ruidoso. In the meantime, he is encouraging people to visit the track.
“If you want your heart pounding,” he said, “you need to be there to experience it.”
Gregory R.C. Hasman is a general assignment reporter and the Road Warrior. He can be reached at ghasman@abqjournal.com or 505-823-3820.