The National Thoroughbred Racing Association (NTRA) released its Annual Report for 2015-2016 Tuesday. A PDF of the full 2015-2016 Annual Report is available online at https://www.ntra.com/about/annual-reports.
The 28-page report includes the organization's audited financial statements. For Fiscal Year 2016–covering the period Feb. 1, 2015 through Jan. 31, 2016–the NTRA's net revenue was $116,669, which represents the fourth-straight year of sustainable financial results for the organization.
A few of the ways that the NTRA furthered its mission to strengthen Thoroughbred racing and breeding in the past 12 months include: securing a two-year renewal of accelerated depreciation for young racehorses; further progress in the effort to modernize federal tax rules governing the withholding and reporting of winning pari-mutuel wagers; and another year of record participation in the Daily Racing Form/NTRA National Handicapping Championship presented by Racetrack Television Network and Treasure Island Las Vegas.
The Annual Report also includes information on the NTRA Safety & Integrity Alliance, NTRA Communications, the Eclipse Awards, NTRA Advantage and additional legislative advocacy.
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