About the Fund:
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 is the regulatory body of the New York Breeding and Racing Program. The Program distributes over $40 million per year in the form of incentives, breeder awards, stallion awards, owner awards, and purse money for New York-bred horses.
For over two decades, the Fund has worked to make thoroughbred breeding and racing a vital force in New York State’s economy, utilizing its rich racing tradition, vast agricultural resources, and thriving tourism industry.
The Fund is a public benefit corporation of New York that oversees the registration process for foals and stallions, and distributes incentives awards to breeders, owners, and stallion owners.
The incentives provided by the Fund are financed from within the racing industry, using a small percentage of the total monies wagered through the pari-mutuel system on thoroughbred racing in New York State. The Fund also obtains revenues from a small percentage of Video Lottery Terminal (VLT) monies from Aqueduct and Finger Lakes Race Track.
In 2010, foals born in New York had another banner year, with purse earnings throughout the U.S. and the world reaching over $65 million.
The New York State Thoroughbred Breeding and Development Fund is committed to maintaining the highest standards in the industry, with the goal of ensuring a steady supply of fresh, competitive horses for each of New York’s four tracks.
The Fund maintains the registry of New York-breds and participating New York-based stallions, establishes the criteria for entry into that registry, and ensures that state statutes regarding the eligibility for registration of foals and stallions standing in the state are followed.
Awards are available only to the breeders and owners of registered New York-breds or registered New York State-based stallions, and provide an excellent means of increasing the value and marketability of your thoroughbred.