A percentage of horsemen's revenue from slot machines in Pennsylvania will continue to go to the state's general fund and other programs under the fiscal year 2013-14 unveiled Feb. 7 by Gov. Tom Corbett.
When Chad Reed's parents gave him a $5,000 budget to pick out a mare at the 2009 Keeneland November mixed sale at age 12, he never dreamed it would eventually result in a Breeders' Cup starter. read blog
The National Thoroughbred Racing Association is anticipating a fiscal year 2013 budget of $8.21 million, according to its latest annual report.
The Ontario government April 24 passed a 2012 provincial budget that ends the slots-at-racetracks program operated by the Ontario Lottery and Gaming Corp in March 2013.
The future of the Ontario horse racing industry could be placed in serious peril April 24, when a vote on the 2012 Ontario provincial budget is scheduled.
The proposed Indiana budget bill includes a line item that would almost cut in half the amount horse racing receives from racetrack slot machines.
- By Tom LaMarra
The National Thoroughbred Racing Association has adopted a $9.1 million budget for 2011 that relies less on dues from members and more on revenue from other programs.
Democratic Kentucky Gov. Steve Beshear called the state legislature's bluff Jan. 19 by presenting a two-year budget that relies on more than $700 million in revenue from gaming machines at racetracks.
Legislation linked to the long-delayed approval of the California state budget Feb. 20 could mean up to an additional $32 million a year for the state's beleaguered horse racing industry.
Michigan's horseracing industry, already reeling from decreases in revenue and the possible closure of Great Lakes Downs after this season, is facing an Oct. 1 shutdown should the state legislature fail to approve a budget.
The NTRA board of directors has approved a 2007 budget that projects $19.5 million in revenue and $19.2 million in expenses.
The National Thoroughbred Racing Association and Breeders' Cup announced a 40% reduction in personnel and resulting administration costs as part of what they call a restructuring of their joint operating arrangement.
New Jersey racetracks were closed for live racing and simulcasting Thursday due to a continuing budget standoff in the state capital of Trenton. It was the first live card lost at Monmouth Park and the third at Meadowlands, which offers nighttime harness racing.
A $13.5-million appropriation for an expansion of the Livestock Disease Diagnostic Center in Lexington is among the budget line items vetoed by Kentucky Gov. Ernie Fletcher.
More than $15 million for horse industry-related projects and financial relief is included in the 2006-07 budget approved April 11 by the Kentucky General Assembly. The spending plan now goes to Republican Gov. Ernie Fletcher for consideration.
The National Thoroughbred Racing Association, in its 2001-02 annual report released May 7, outlines a $59.5-million budget that relies heavily on revenue from Breeders' Cup Ltd. and membership dues.
The National Thoroughbred Racing Association in 2000 had $4.81 million in operating revenue over operating expenses, compared with a $1.82 million deficit in operating revenue in 1999. That's a swing of $6.6 million to the positive side of the fiscal ledger.
The National Thoroughbred Racing Association is expected to operate in the black for the first time this year, but it continues to rely on the Breeders' Cup for financial assistance. Earlier this year, the Breeders' Cup board approved a $2.5-million expenditure to assist the NTRA.
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