Kentucky Horse Breeder Incentives

By Associated Press | 

Horses that win big on Kentucky tracks will now win big off the track too, if they stay in the state to breed.

The Kentucky Horse Racing Authority finalized a set of lucrative incentives yesterday aimed at rewarding horsemen who choose to breed their champion thoroughbreds in the state.

Racing authority members say the move is necessary to keep pace with other states who are already offering bonus money to attract breeders.

A six percent sales tax on stud fees will finance the incentives, which could amount to around $12 million.

The plan calls for the winners of the highest annual earner in claiming races at the state's tracks to get an incentive.

Incentives will also go to the top three claiming earners at all Kentucky tracks for the year.

Breeders of any Kentucky-bred horses that win maiden special weight, allowance and stakes races in Kentucky would get an incentive equal to 25 percent of the winning purse.

Winners of the Kentucky Derby and Kentucky Oaks would earn their breeders $100,000 or $25,000 for any other Grade One stakes race in the state.