The West Virginia Legislature March 14 passed a fiscal year 2014-15 budget that will redirect 10% of racing's share of gaming revenue to other programs.
An economic impact study shows the Thoroughbred and Greyhound racing and breeding industries account for at least $321 million a year in total business volume in West Virginia.
After about a year of study and negotiating, Maryland will have a revised Thoroughbred breeding program beginning with the Laurel Park meet that kicks off Sept. 19.
Legislation creating the Kansas Agriculture Opportunity Act would lower the tax rate on electronic gaming machines in an effort to get racetracks to install them, and also increase the amount of revenue for purses.
The Pennsylvania Equine Coalition, noting another monthly loss in revenue from slot machines at racetrack casinos, predicts an overall reduction of $17 million in the Race Horse Development Fund for fiscal year 2012-13.
Prairie Meadows Racetrack & Casino in Iowa and Canterbury Park in Minnesota are joining forces to offer more racing opportunities for state-bred runners via joint restricted races.
Wagering on historical races in Kentucky generated more than $3.8 million for purses and the state Thoroughbred Development Fund from September 2011 through December 2012.
The number of Thoroughbred broodmares registered in Ohio in 2012 jumped 53.9% from 2011 to 2012, according to Ohio State Racing Commission statistics.
The Ohio State Racing Commission Dec. 13 approved the distribution of more than $1.77 million in revenue racing has received from non-track casinos in the state.
Barry Ostrager, principal owner of Questroyal Stud, has been re-elected president of the New York Thoroughbred Breeders, whose board of directors met Jan. 19.
Revenue from slot machines and table games at 10 casinos in Pennsylvania in 2011 topped $3 billion for the first time, state officials said Jan. 18.
Changes to regulations governing the Kentucky Thoroughbred Breeders' Incentive Fund, including a greatly reduced late fee, took effect Nov. 4, state officials said.
Just days before the opening of the Resorts World Casino at Aqueduct, the New York Breeding and Development Fund announced a sharp increase in breeders' awards for 2012.
Pennsylvania's 10 casinos -- racetrack and standalone -- generated $274.9 million for the state's Race Horse Development Fund in fiscal year 2010-11, according to the Pennsylvania Gaming Control Board annual report.
With expectations that funding for the New York-bred program will increase about 100% by 2014, officials hope to strike a balance with plans to expand its offerings and rewards for owners and breeders.
The Kentucky Breeders' Incentive Fund advisory committee May 10 unanimously approved key changes in the program, which has become an important part of the state's Thoroughbred industry in very challenging times.
Finger Lakes Casino & Racetrack in upstate New York has eliminated nine stakes this year because of reductions in purse supplements from the New York Thoroughbred Breeding and Development Fund.
Representatives of Indiana's horse racing and breeding industry are lobbying against part of the proposed state budget that would reduce its share of revenue from racetrack gaming by about 55%.
Breeders of registered Maryland-bred horses that win any maiden race at the Pimlico Race Course spring meet will receive a 14.5% "loyalty" bonus, the Maryland Horse Breeders Association announced March 8.
The proposed Indiana budget bill includes a line item that would almost cut in half the amount horse racing receives from racetrack slot machines.
A panel of the Kentucky Horse Racing Commission looking into possible changes in the state's breeders' incentive fund met again Nov. 22 and discussed various options but came to no solid conclusions.
Hoosier Park Racing & Casino in Indiana reported strong across-the-board gains for its 2010 meet that ended Oct. 24.
Less than two years into its slots-at-racetracks initiative, Indiana is in conflict and debate over its Thoroughbred racing and breeding programs, and how to strike a balance between them.
A bill on West Virginia's 10-10-10 program, which offers purse supplements to in-state Thoroughbred owners, as well as breeders and stallion owners, awaits action by the governor.
West Virginia horse racing's "10-10-10" program, which offers purse supplements to in-state Thoroughbred owners, as well as breeders and stallion owners, would return under legislation passed by the state Senate March 2.
Democratic Gov. Ted Strickland signed a directive July 13 instructing the director of the Ohio Lottery to immediately begin taking steps to implement video lottery terminals at the seven racetracks in Ohio. But questions remain as to how the racing and breeding industry will benefit.
Four horsemen's and breeders' organizations in Indiana said June 16 they will, over a three-year period, give racetracks a share of their revenue from slot machines to help stabilize the tracks.
The Kentucky Horse Racing Commission announced March 27 the Kentucky Breeders' Incentive Fund will distribute more than $18.7 million in awards for 2008.
The Ontario Racing Commission March 25 approved $47.1 million Canadian for the 2009 Horse Improvement Program, which funds stakes, breed development, and equine research for Thoroughbred and Standardbred racing.
Saying five of the state's seven racetracks will close without assistance from the legislature, the Ohio State Racing Commission March 19 released a draft plan for 14,000 video lottery terminals that would be located at tracks.
The New York Thoroughbred Breeders, disturbed by a delay in a plan for thousands of video lottery terminals at Aqueduct, called the situation "inexplicable" and said Gov. David Paterson should put the project on "war footing."
For the first time, Washington-breds and British Columbia-breds will compete against each other in the BC Cup at Hastings Racecourse and the Washington Cup at Emerald Downs. Three races at each track have been opened to include horses bred in Washington and British Columbia, Canada.
Marble Cliff, the Ohio-bred turned Kentucky-bred stripped of stakes wins in 2008 after a racing commission investigation, finally got his first "official" victory--in West Virginia.
Ohio is among the weakest when it comes to Thoroughbred purses, but it's about to have the strongest rules governing registration of state-bred horses.
The 2009 Thoroughbred Political Action Committee Stallion Season Auction held by the New York Thoroughbred Breeders is under way and wraps up at 8 p.m. EST Feb. 12.
Horsemen from all parts of Colorado rallied at the state capitol Jan. 20 to support efforts by the horse industry to pass legislation designed to revitalize the economics of the industry in Colorado through advance deposit wagering and Instant Racing.
A Kentucky lawmaker is preparing racing-related legislation with a primary goal of funding the Kentucky Horse Racing Commission, equine drug testing, and supplements for purses and stakes at the state's racetracks.
Ohio Thoroughbred breeders would be licensed by the state for a fee each year and face serious penalties -- including a suspension of up to 10 years -- should they violate rules governing registration of state-bred horses under regulations proposed by the Ohio State Racing Commission.
The Governor's Task Force on Racing in Kentucky is close to preparing and releasing a report pinpointing problems and offering recommendations that ultimately will require a lot of money -- something in short supply given an ongoing budget crunch.
The Kentucky Horse Racing Commission voted Oct. 27 to recommend revised regulations designed to protect non-race breeds that participate in the multi-breed incentive fund authorized by the state legislature.
The Indiana Horse Racing Commission approved a plan Aug. 14 that calls for significant increases to purses offered through the Thoroughbred Breed Development program at the upcoming Hoosier Park meet.
The "Smarty slots" in Pennsylvania have been jingling for more than a year. In Kentucky, where the racing industry views Pennsylvania as a major threat, casino legislation broke from the gate in a tangle yet again this year.
The year 2008 has brought another purse increase to Philadelphia Park Casino & Racetrack, but the Pennsylvania track and other tracks in the Mid-Atlantic region are expected to continue competing for horses as the year progresses.
The Kentucky Breeders Incentive Program, which began offering financial awards for various breeds of horses in 2006, is poised to increase by 20%--to about $18 million or $19 million--next year.
Deductions for a new breed development program and statewide workers' compensation have led Mountaineer Race Track & Gaming Resort to cut purses 20% across the board beginning July 10. The West Virginia track has thousands of video lottery terminals that produce purse revenue and this fall will begin operating table games.
A new report by the New York Senate Committee on Racing, Gaming, and Wagering lists the top 10 problems in horse racing in the state and solutions for them.
More than $12 million will be awarded to Thoroughbred breeders through the Kentucky Breeders' Incentive Fund.
Discontinuation of the New Jersey Futurity, which dates to 1946, is symptomatic of problems in the state's racing and breeding industry.
Kentucky tracks would get a tax break for one major racing event per year under legislation introduced in the state General Assembly.
Major change is coming for Texas racing in 2007, with a decrease of more than a half-million dollars in funds for the Thoroughbred accredited Texas-bred program and almost three months without Thoroughbred racing.
Most Popular Stories
- Trainer Jones Continues to Recover From Fall
- Easter Filly for Horse of the Year Zenyatta
- Wildcat Red, With Saez, Works at Gulfstream
- Dude! Imperative Shocks Charles Town Classic
- Determined Isla Bonita Wins Japanese Guineas
- Cairo Prince Injured, Out of Kentucky Derby
- Untapable Breezes at Churchill Downs
- Featured Horse Profile: Frac Daddy
- Four-Day OBS Spring Sale Kicks Off April 21
- Dynamic Impact Nabs 'Hawk in Illinois Derby