Keyword: Kentucky Thoroughbred Development Fund

  • Turfway Park will begin its four-month season Dec. 3

    KTDF Money Leads to Turfway Purse Adjustment

    Turfway Park, which accounts for a third of Kentucky's year-round racing calendar, will begin its season Dec. 3 with lower purses, primarily because of less Kentucky Thoroughbred Development Fund money.

  • Kentucky Downs

    Kentucky Downs Plans KTDF Purse Increase

    Kentucky Downs will ask regulators May 6 to let it offer about $4.2 million in Kentucky Thoroughbred Development Fund supplements during its 2015 meet, as well as spend $50,000 to advertise the incentive program.

  • Change Adds Options for KTDF Purse Funds

    The Kentucky Horse Racing Commission on Monday, March 23, approved changes that will allow more flexibility in the use of Kentucky Thoroughbred Development Fund purse money generated by wagering on historical races.

  • Kentucky Ponders Sire-Based Purses, Bonuses

    The Kentucky Thoroughbred Development Fund Advisory Committee Sept. 5 approved formation of a subcommittee to explore possible purse bonuses or races for horses sired by Kentucky-based stallions.

  • An artist's rendition of the new Keeneland Event Center.

    Keeneland Plans to Add Instant Racing in 2015

    Keeneland plans to offer historical racing at a new 40,000-square foot facility to be built on the property and scheduled to open in July 2015. The new Keeneland Event Center will offer 600 Instant Racing games.

  • Instant Racing Machines at Kentucky Downs.

    Instant Racing, ADW Taxes Approved in KY

    The Kentucky General Assembly early March 30 signed off on a $20 billion state budget that includes revenue components for the horse racing and breeding industry, including tax rates for Instant Racing and ADW.

  • Kentucky ADW Tax Bill Passes House

    Legislation that would tax pari-mutuel wagers made by Kentucky residents through advance deposit wagering services passed the House of Representatives by a 79-15 vote Feb. 24.

  • Kentucky Lawmakers Eye Tax on ADW Bets

    The Kentucky General Assembly probably will consider legislation in 2012 that taxes bets made by Kentucky residents through advance deposit wagering systems to bolster the Kentucky Thoroughbred Development Fund.

  • Furthest Land won the last Kentucky Cup Classic in 2009.

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    Some Funds Allocated for Possible KY Cup

    A committee has approved use of $100,000 from the Kentucky Thoroughbred Development Fund for several Kentucky Cup races, but it remains to be seen whether the stakes series--at least part of it--will be run.

  • KTDF Revenue Decline of Concern to Panel

    Members of an advisory committee that oversees the Kentucky Thoroughbred Development Fund expressed concern June 8 over diminishing revenue for the program as well as one racetrack's suspension of full-card simulcasts.

  • KY Racing Aid Bill Called 'Life Preserver'

    Legislation authorizing Instant Racing, a tax on advance deposit wagering, and a reduction in the pari-mutuel excise tax sailed through the Kentucky Senate Committee on State and Local Government March 11.

  • Turfway Park

    Turfway Park Adds Stakes in March

    Turfway Park has added the St. Patrick's Day Handicap to its annual stakes schedule. Carded for 4-year-olds and up at six furlongs, the overnight handicap will be run March 17.

  • Kentucky Cup Classic to Offer Bonus

    If the winner of the Sept. 29 Kentucky Cup Classic (gr. II) brings a recent grade- or group-I victory to the starting gate, the triumphant owners will take home a $150,000 bonus, Turfway Park officials announced Sept. 5.

  • KTDF Endorses Handle and Tax Information System

    A handle and tax information system was unanimously endorsed by the Kentucky Thoroughbred Development Fund and will be recommended to the Kentucky Horse Racing Authority at its March meeting, it was decided Feb. 28. Funds for the software will most likely come out of the $1.2 million Kentucky Gov. Ernie Fletcher has recommended the state legislature approve in additional funding for the authority.

  • Action Taken to Erase Deficit in KTDF Balance

    The Kentucky Horse Racing Authority has approved an agreement that erases a deficit in the Kentucky Thoroughbred Development Fund and establishes tighter accounting procedures to preclude a similar deficit buildup in the future.

  • Turfway's Business Booms; Up 23.6% Overall

    Turfway Park reported a 23.6% increase from 2005 in all-source handle during the fall meeting that ended Oct. 5 while on-track wagering posted a more modest 4.6% gain.