New York Thoroughbred Breeding & Development Fund:
Making Breeding & Racing a Vital Force in NY State’s Economy
The New York State Thoroughbred Breeding and Development Fund, established in 1973, has helped shape the New York State thoroughbred industry, making it the benchmark of Thoroughbred programs around the world.
The Fund’s mission statement is “To promote by monetary incentives the responsible breeding of quality Thoroughbred racehorses in keeping with the founding legislation to preserve New York’s irreplaceable farmland.”
To help encourage breeders to choose New York as the base of their operations, the Board of the NY Thoroughbred Breeding and Development Fund oversees an award and purse-enrichment program with the goal of encouraging the production of quality Thoroughbred racehorses in the Empire State. The staff of the Fund ensures that breeders follow the Fund’s rules regarding eligibility, and under Board direction it fairly and accurately distributes available award money to breeders, owners and stallion owners, in addition to providing purse enrichment for New York’s Thoroughbred race tracks.
In 2014, the Fund provided a total of $2 million in purse enrichment to NYRA and Finger Lakes. In turn, the tracks paid out a total more than $44.5 million in restricted purse money. Based on race results, Fund staff oversaw the payout of more than $17.8 million in breeder, owner and stallion owner awards earned in 2014.
Why A NY-Bred?
New York-breds… they start with an advantage.
New York State is the ideal location to breed, raise, train and race your thoroughbred. From the rolling pastures of Saratoga County to the fertile Hudson River Valley and west to the Genesee Valley, New York boasts some of the best grazing land and training facilities in the country, producing strong-boned horses of national and international acclaim.
What better place to test your handiwork and investment than in the most successful incentive program in North America at four of the finest tracks in the world? Each of New York’s tracks provide a unique and exciting racing experience – Saratoga Race Course, offering the best thoroughbred racing in the world for six weeks a year, beautiful Belmont Park near the shores of Long Island and its sister track Aqueduct Race Track, both just a heartbeat from the Capital of the World, New York City. There is also exciting racing conducted from April into December at Finger Lakes Race Track in New York’s scenic wine country.
All offer ample racing opportunities for the New York-bred racehorse, with owners, breeders and stallion owners receiving significant award money as an incentive for participation at every level of the sport. In 2014, 823 races were run at New York racetracks exclusively for registered New York-breds, with purses totaling $44.5 million.
For breeders, the rewards go beyond the sale of offspring, as they can continue earning dividends throughout their horses’ New York racing careers. Owners who race their registered NY-breds in open company at the $30,000 claiming level and above on New York tracks receive awards for finishing first through third.
Additionally, owners and breeders may choose to join the NYTB, Inc., a membership and lobbying organization that not only represents the interests of the thoroughbred industry at the state capitol in Albany, but also offers lively social events where breeders can mingle to exchange ideas and have fun. Learn more at www.NYTBreeders.org.
For registered New York stallions, the stallion owner continues to benefit financially beyond the standard stallion stud fees as his or her stallion’s progeny race and earn purse money at New York racetracks. In addition, there is the New York Stallion Stakes Series, which is restricted to eligible progeny of nominated registered New York-based stallions. The Stallion Stakes Series is operated by the New York Racing Association.
For more information about the Fund, click here.