The 2021 Kentucky Thoroughbred Breeders' Incentive Funds (KBIF) distributed funds totaling $15.9 million to the state's breeders, the Kentucky Horse Racing Commission announced Monday.
“Every Thoroughbred farm, big or small, contributes to the equine industry's combined economic impact of $6.5 billion, which also employs 60,494 Kentuckians,” said Gov. Andy Beshear. “Kentucky is known as the 'Horse Capital of the World' for a reason and it's important we support those in this industry to ensure its continued success.”
The KBIF is funded through a percentage of the sales tax paid when a stallion is bred to a mare in Kentucky. Since the fund's inception, more than $200 million has been distributed to Kentucky breeders for winning eligible races worldwide.
Kentucky-bred horses won 315 group/graded races in 2021. The winners of 4,412 races, including 299 graded races, received an award from the KBIF.