The Kentucky Horse Racing Commission announced Feb. 13 that the Kentucky Thoroughbred Breeders’ Incentive Fund is distributing more than $10 million in awards for 2013 races.
The KTBIF requires owners to board mares in Kentucky from the time of breeding until the birth of the foal. Incentive payments are based on the foal’s eventual winnings on the race track.
The award is based on 3,984 races in Kentucky and across the U.S., and group I, II, and III international races in Canada, England, France, and Ireland as well as group I races on Dubai World Cup day, Hong Kong International day, and Japan Cup day.
KTBIF-nominated horses won all over the world in 2013, capturing more than 69 graded stakes races in the U.S. and 40 group races including a win in the Dubai World Cup (UAE-I) by 2011 Kentucky Derby Presented by Yum! Brands (gr. I) winner Animal Kingdom . Ken and Sarah Ramsey, owners of Ramsey Farm near Nicholasville, Ky., top the award list with wins by 51 horses at 25 racetracks across the U.S.
“This impressive list of winners continues to position Kentucky Thoroughbred breeding operations as the worldwide leader in developing horses that are proven winners,” said Gov. Steve Beshear. “The Kentucky Thoroughbred Breeders’ Incentive Fund is a tangible way in which Kentucky’s horse industry can continue to thrive.”
Since 2006, more than $97 million has been awarded to Kentucky breeders for winning eligible races across the globe.
The KTBIF was implemented in 2005 to ensure the strength and growth of the horse industry in Kentucky. The fund receives 80% of the 6% sales tax paid when breeding a stallion to a mare in the Commonwealth.