AllMovie

When a wealthy recluse apparently commits suicide, his trusted friend Rex Lease is put in charge of the estate. Lease is ordered to locate the dead man's long-lost son and daughter and inform them of their legacy. The two beneficiaries turn out to be the owners of a run-down racetrack. Falling in love with the daughter (Helene Costello), Lease tries to rejuvenate the track with a high-stakes horse race. Complications ensue when a crooked lawyer tries to undo all of Lease's good works. The film's surprise ending is virtually the only original aspect of Phantom of the Turf.