More Funds Available for Maryland-Breds

The Maryland Horse Breeders Association Dec. 20 noted increased financial opportunities for state-bred winners because of a new racing agreement and projected increases in revenue from video lottery terminals.

The Laurel Park winter/spring meet stakes schedule, approved Dec. 18 by the Maryland Racing Commission, will have larger supplements for state-bred winners. There will be $50,000 in premiums for each of 13 open stakes during the meet, as well as the restricted Conniver Stakes, worth $100,000.

The MHBA also approved a bonus plan for the next six months. For horses that win various races, the bonuses are as follows: owner, 17.5%; breeder, 17.5%; "loyalty," 12.5%; and stallion, 8.75%.

Racing stakeholders in Maryland announced Dec. 14 a 10-year agreement designed to reinvigorate racing and breeding in the state and provide stability. The MHBA was involved in the negotiations.

"This agreement allows us to focus our attention on encouraging business, and adding value to Maryland-bred horses," MHBA president Tom Bowman said. "These purse premiums for Maryland-breds are designed to stimulate competition in our state and result in profit for breeders and trainers as well as owners."