Increases for Texas-Bred Purses

Texas-bred stakes winner Imaluckycharm | Coady

A new purse structure, approved by the Texas Thoroughbred Association, Texas Horsemen's Partnership, Sam Houston Race Park and Lone Star Park, will increase minimum purses for maiden special weight and allowance races. For 2024, Texas-bred maiden special weight and allowance races will carry a minimum purse of $40,000 at Sam Houston and Lone Star Park. This is being accomplished by reconfiguring the allocation of funds provided by the TTA to the tracks from the Texas Horse Industry Escrow Account (HIEA). The minimum purse of $40,000 for these races is a $7,000–or 21%–increase per race over 2023 levels for the same race conditions.

“It is gratifying to see what can be accomplished when the Thoroughbred industry and the racetracks work together. Supporting Texas horse owners and breeders and promoting the value of Texas-bred horses is our number one priority,” said TTA president Tracy Sheffield.

HB 2463 was passed in the 2019 state legislative session. Derived from a portion of state sales taxes on equine goods and services, it provides up to $25 million per year to stimulate the Texas Equine Industry, with 70% ($17.5 million) earmarked for purse funds and the remaining 30% ($7.5 million) available to the official state breed registries (TTA, TQHA, TABA, TPHA) for Texas Racing Commission-approved events and programs. Funds became available in 2020.

“The purse restructuring shows dedication to Texas-breds on the racetrack and it has a positive impact on a large number of Texas horsemen,” said Bryan Pettigrew, Vice President and General Manager of Sam Houston Race Park. “The owners and trainers I have spoken with are praising the change. It's putting more money on the table for Texas-breds.”

Not a subscriber? Click here to sign up for the daily PDF or alerts.

Copy Article Link

Liked this article? Read more like this.

  1. Honor A.P.'s Glee Beats The Boys At Lone Star
  2. Diodoro Resurfaces At Lone Star Park
  3. Asmussen, Elliott and L and G Racing Take 2024 Sam Houston Titles
  4. Street Boss Colt Tops Texas Sale
  5. Six Share Bullet at Texas Breeze Show

Never miss another story from the TDN

Click Here to sign up for a free subscription.