NY-Bred Breeding Award Rate Increased for 2024

[Wandering Eyes]

The New York State Thoroughbred Breeding & Development Fund Corporation (the Fund) Board of Directors' unanimously approved a motion during its Dec. 12 meeting to increase the breeder award rates for all New York-breds, the organization announced Tuesday.

The increase, which covers all New York breds competing in the state beginning Jan. 1, was approved by the Fund board due to projected revenue increases expected in the upcoming season.

An increased hold-back rate from 10-15% will also be implemented to ensure the Fund can payout awards up to the new advertised rates.

The new breeder's awards rate schedule for New York-breds in 2024:

 

2024 New York-Bred Program Breeder Awards 

New York-Sired*              '24 Award (% Earned)            2023 Rate
First Place                           40%                                              30%
Second Place                      20%                                              15%
Third Place                          10%                                              15%
Cap per Award                  $40,000                                       $40,000
Non-New York-Sired*    '24 Award (% Earned)            2023 Rate
First Place                           20%                                              15%
Second Place                      10%                                              7.5%
Third Place                          5%                                                7.5%
Cap per Award                  $20,000                                       $20,000
“These bigger better bonuses reward breeders for creating quality race horses,” said Tracy Egan. “Board Chairman Brian O'Dwyer encouraged the Board to find away to get award money out the door to award earners as quickly as possible and by hiking breeder awards, we will do that.”

The Fund pays breeder, owner and stallion awards across six pay periods a year: Jan-Feb, Mar-April, May-June, July-August, Sept.-October, November-December.

In conjunction with the these higher awards, 15% will be held back each period, however, are expected to be paid back at the conclusion of the fiscal year.

For more information, visit www.nybreds.com.

 

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