NTRA Releases Annual Report
Updated: Friday, May 27, 2005 12:20 PM
Posted: Thursday, May 26, 2005 4:23 PM
The National Thoroughbred Racing Association has budgeted $65.6 million in operating revenue for 2005, according to the organization's annual report, which was released Thursday.
According to the report, 54% of the operating revenue will come from Breeders' Cup operations--about $17 million from stallion nominations and $18.3 million in revenue from the Breeders' Cup World Thoroughbred Championships and related business.
Membership dues are expected to generate $16.9 million and television sponsorship, NTRA purchasing, and promotions are expected to total $13.1 million.
Purses and awards, including purses for the Breeders' Cup World Thoroughbred Championships and the Breeders' Cup Stakes program, constitute the single largest expenditure at $21,385,000.
The organization plans to spend $17.7 million on marketing, including marketing for the Breeders' Cup, national advertising, and promotions and other events. That amount will be broken into $10 million on television and TV production and $7.7 million on sponsorship fulfillment and group purchasing. Nearly $2 million will be spent on legislative programs, not including the NTRA Political Action Committee's Horse PAC, which distributed $465,000 during the 2003-04 election year.
General and administrative expenses for 2005 are budgeted at $5.8 million.
FREE! E-Newsletters from The Blood-Horse!...
Follow the top stories of major racing events, racing previews and results with FREE e-newsletters from bloodhorse.com. As news develops, we'll deliver updates to your inbox. Follow important events moment by moment, step by step!