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The Kentucky Thoroughbred Development Fund is a unique program to benefit owners and their Kentucky-sired, Kentucky-foaled runners. Its aim is to upgrade the overall quality of racing in the Commonwealth of Kentucky. It is an incentive program that seeks to encourage owners to buy from Kentucky markets, to board and breed mares on Kentucky farms, to mate them with Kentucky stallions, then to race the Kentucky-foaled produce over Kentucky tracks. This program was created in 1978 KRS 230.400 - and placed under the general jurisdiction of the Kentucky Racing Commission. A five-member Advisory Committee is appointed on July 1st of each year to advise and assist the Commission with the implementation of this program.
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THE MONEY
What is the source of Fund money?
Three-quarters of 1% of all money wagered at Kentucky Thoroughbred racetracks is deposited in the Thoroughbred Development Fund and 2% of all money wagered on thoroughbred races via Inter-Track Wagering (ITW) and whole card simulcasting is also deposited.
What type races will have purses supplemented by the Fund?
By statute, the Fund monies are applicable to stake, handicap, allowance and non-claiming maiden events in Kentucky.
How will the Fund supplement monies to be allotted?
Only registered Kentucky-sired Kentucky-foaled horses are eligible to share in Fund purse supplements. Only the first four finishers will participate, and on a basis of 65% to the winner, 20% to second, 10% to third and 5% to fourth.
In 2010, all finishers participated on a basis of 60% to the winner, 20% to second, 10% to third, 5% to fourth, 3% to fifth, and finishers from sixth to last split 2%.
Who benefits from Fund monies?
The Fund was set up by Kentucky breeders to benefit racing owners with the hope of encouraging them to purchase more Kentucky-foaled horses, to race over Kentucky tracks, and to attract more business to Kentucky boarding facilities and stallions. The immediate effect of the purse supplements is that everyone connected with a horse that wins or collects any part of the purse benefits, i.e. the owner, trainer, and jockey.
KENTUCKY-SIRED KENTUCKY-BRED
Is entry in Fund-eligible races restricted to Kentucky-sired Kentucky-foaled horses?
No. Kentucky-foaled horses must earn Fund money in open company. Why must a horse be both Kentucky-sired and Kentucky-foaled? First to avoid 'double dipping', i.e. hypothetically an out-of-state breeder could send his mare to Kentucky to be bred to a Kentucky stallion, then after she conceived, return her to his home state to foal. She would thereby become eligible for two state Fund programs, Kentucky's and his states own. Second, by requiring that a horse be Kentucky-foaled, it increases business for farms specializing in boarding mares.
REGISTRATION REQUIREMENTS
How a horse is made eligible to earn Kentucky Thoroughbred Development Fund money?
Kentucky Thoroughbred Owners and Breeders is the official registrar. Registration can be done when the horse is a foal for $30, a yearling for $50, or racing age for $300, but it must be registered prior to entry in a race. As a convenience to horsemen, the Fund will be represented at each track by the horse identifier who will accept on-course registration applications.
What conditions must a horse meet to be registered by the Kentucky Thoroughbred Owners and Breeders?
A horse must be both Kentucky-sired, that is by a registered stallion standing in Kentucky the entire breeding season in which the horse was conceived, and Kentucky-bred, that is foaled in the state.
Why is it advisable to register stallions annually?
If a stallion is registered annually by the March 1 deadline all offspring conceived by him in that breeding season will be eligible for registration. Once those offspring are registered their earnings will be credited to the stallion's record.
What are the likely exceptions to the deadline for stallion registration?
In case a race horse is injured and enters stud after the March 1st deadline, then the registrar can accept the horse's registration as a stallion before he serves his first mare.
How will owners and trainers know which races have monies added to their purses by the Kentucky Thoroughbred Development Fund?
The Development Fund seal will identify such events in stakes books, condition books, and on race programs. Horses registered for the Fund will be so designated in Kentucky sales catalogues.
Will the Fund supplement monies be applied to the owner, trainer, jockey and horses overall earning record?
Yes. When a Fund race is official, the race chart sent to the Daily Racing Form for publication will include the total distribution of purse plus Fund money to each horse, and to the horse's connections. The chart also will note the amount of money, if any, which reverts to the Fund.
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