On February 17, the Kentucky Horseracing Fee introduced the announcement of the 2022 Kentucky Thoroughbred Breeders Incentive Fund, totaling $17.4 million.
“It is an thrilling time of 12 months in Kentucky,” mentioned Governor Andy Beshear. “It begins with the granting of those funds to Kentucky breeders and the countdown to the 2023 Kentucky Derby (G1).
“The Kentucky Thoroughbred Breeders Incentive Fund fulfills its mission to maintain mares and foals in good situation, assist our billion-dollar sturdy equine trade, and supply greater than 60,000 jobs for hard-working Kentuckians,” Governor Beshear added.
9 of the ten highest-paid individuals in the US in 2022 had been Kentucky-born. One other take a look at the stats exhibits Kentucky elevating in 2022:
* Received 69% of all ranked races within the USA
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* Received 78% of US class 1 races
KBIF was launched in 2005 to energy Kentucky’s equine trade by funding people who select to breed a Thoroughbred mare in Kentucky. To qualify, the mare should stay within the state throughout being pregnant, and last prize quantities are based mostly on the foal’s last wins on the racetrack.
KBIF is funded by a share of the gross sales tax paid when a stallion is reared as a mare in Kentucky. For the reason that fund’s inception, greater than $217 million has been distributed to Kentucky breeders worldwide to assist them win eligible races.
The checklist of 2022 award winners, together with the prize quantity and different attention-grabbing statistics, will be discovered at KHRC. Web site.
This press launch has been edited by the BloodHorse Crew when it comes to content material and elegance.
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