On September 1, 1994, the track finally opened. The construction of the facility cost approximately $13 million. In February 1994 a contract was signed for the construction of Hoosier Park. It was the first racetrack outside Kentucky owned by Churchill Downs since 1939. In 1992, Churchill Downs Incorporated announced plans to purchase Indiana's only pari-mutuel license from The Anderson Park Group headed by Louis Carlo and open a racetrack on the site of the land donated by Cook. Cook, a prominent local businessman and longtime resident of Anderson, Indiana, donated 110 acres (0.45 km 2) of commercial real estate to the city for the sole purpose of developing a pari-mutuel racing facility. Hoosier Park has hosted musicians such as The B-52's, The Go-Go's, Willie Nelson, REO Speedwagon, and The Beach Boys. Hoosier Park also offers simulcast wagering year-round.

Hoosier Park offers off-track betting (OTB) at three locations in Indiana: Clarksville, Indianapolis, and New Haven. 30 & 31, while the 2023 edition is scheduled to be held at Harrah's Hoosier Park once again. The 2020 edition of the Breeders Crown occurred Oct. The 2017 Breeders Crown, harness racing's annual series of 12 championship events valued at $6 million, was contested at Hoosier Park on October 27 & 28. The $300,000 Dan Patch Stakes was established at Hoosier Park in 1994 and has become a tradition that highlights some of the best athletes in the sport of harness racing. The facility features live harness racing from April through November, casino gaming, restaurants, a gift shop, and entertainment. It is owned and operated by Caesars Entertainment. Harrah's Hoosier Park Racing & Casino is a racino including a standardbred racetrack located in Anderson, Indiana, approximately 30 miles northeast of Indianapolis.

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