Payday for Thoroughbred breeders in Kentucky. The Kentucky Horseracing Fee introduced on February 20 the discharge of the 2022 Kentucky Thoroughbred Breeders Incentive Fund, totaling $17.4 million.
“It is an thrilling time of yr in Kentucky,” stated Governor Andy Beshear. “It begins with the granting of those funds to Kentucky breeders and the countdown to the 2023 Kentucky Derby.
“The Kentucky Thoroughbred Breeders Incentive Fund fulfills its mission to maintain mares and foals in good situation, assist our billion-dollar robust equine business, and supply greater than 60,000 jobs for hard-working Kentuckians,” Beshear added.
9 of the ten highest-paid folks in the US in 2022 had been Kentucky-born. One other take a look at the stats, of these grown in 2022 Kentucky:
- Received 69% of all ranked races within the USA
- Received 78% of Rank 1 races within the USA
KBIF was launched in 2005 to energy Kentucky’s equine business 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 closing prize quantities are based mostly on the foal’s closing wins on the racetrack.
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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 fascinating statistics, might be discovered on the KHRC web site. https://khrc.ky.gov/new_docs.aspx?cat=79.
This press launch has been edited by the BloodHorse Staff by way of content material and magnificence.
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