budget

The Horseracing Integrity and Safety Authority (HISA) is seeking public comment on its Proposed 2027 Budget. Comments should be sent to [email protected] with the subject line "Proposed 2027 Budget." All pertinent comments will be posted to the HISA website. The deadline to submit comments is Monday, July 27, 2026 at 12:00 p.m. ET. Draft versions of the Proposed 2027 Budget and Notice of Filing can be accessed here. Following the expiration of the public comment period, HISA will review and consider all relevant feedback before sending the proposed budget to...

The France Galop 2026 budget was approved by the Board of Directors on Friday, July 17. The budget had been debated by the committee on Thursday, July 16. The presentation and adoption of the budget are taking place unusually during the 2026 financial year. The situation stems from the validation schedule for the PMU budget--the primary source of funding for the French horse racing industry--against a backdrop of recent changes of governance. The budget was prepared in an environment with significant economic constraints, driven by a drop in PMU revenue...

Edited Press Release OCEANPORT, N.J. - Monmouth Park is set to receive the annual $10 million purse subsidy in 2027, thanks to the state budget signed by New Jersey Governor Mikie Sherrill late Tuesday night. In her original budget proposal, Sherrill had called for a purse subsidy of only $5 million to be split between Monmouth and the harness races at the Meadowlands. Dennis Drazin, who heads the management team that runs the tracks, had threatened to cut the meet to 25 days if it looked like there was not...

Despite efforts dating back to May, negotiations around an annual purses and race dates agreement between the Florida Horsemen's Benevolent and Protective Association (FHBPA) and Gulfstream Park remain at an impasse. The current horsemen's agreement expires Dec. 31. This agreement is a federal requirement for a racetrack to conduct live racing and simulcast its signal nationwide. Gulfstream Park, owned by The Stronach Group (TSG), is statutorily required to conduct a minimum of 40-days live racing to operate its casino. Without a horsemen's agreement, Gulfstream Park would still be able to...

Tattersalls chairman Edmond Mahony outlined his concerns arising from the government's budget announcement when reflecting on what proved to be a memorable Autumn Horses-In-Training Sale that saw a record-high price paid for the 1.3 million gns Delius (GB) (Frankel {GB}) earlier in the week.  That Coolmore-owned three-year-old was sold on Wednesday to continue his career in Australia for trainers Gai Waterhouse and Adrian Bott and Mahony praised the large cohort of international buyers who made the trip to Tattersalls for what has been another successful sale at Park Paddocks. Despite...

The Kentucky Derby Museum began its new fiscal year Tuesday with the approval of the 2025 budget. The Museum, which will celebrate its 40th anniversary next year, also added three new Board members in Michael Guenthner, Josh Heird and Seema Sheth. "We are deeply grateful for the wisdom and commitment that our outgoing Board members have brought to the museum," said Chair of the Kentucky Derby Museum Board David Nett. "As we prepare to celebrate the museum's 40th anniversary, we look forward to the fresh perspectives and expertise our new...

The Horseracing Integrity and Safety Authority (HISA) has released its proposed budget for 2024, totaling $80.96 million, including $38.7 million earmarked for the Horseracing Integrity and Welfare Unit (HIWU), the drug testing arm of the federal program. The total fee assessments for the states and racetracks come out to $78.5 million, but available credits potentially bring that number down to $59.8 million. HISA's 2023 total budget was initially set at $72.5 million. That number was subsequently revised down to $66.4 million earlier this year. The proposed 2024 budget was issued...

The New York Racing Association (NYRA) and the state of New York asked the Supreme Court of New York Aug. 18 to dismiss a lawsuit filed by two residents that is attempting to block the $455 million state loan to NYRA that will renovate Belmont Park. In addition, both the state and NYRA want to quash a motion for preliminary injunction that the plaintiffs initiated back on June 22 to try to halt any state money for the project from flowing to NYRA. The Belmont renovation was approved back in...

Early last week, a bill landed on the doorsteps of the nation's state racing commissions containing their portion of the money needed to fund the Horseracing Integrity and Safety Act (HISA) remit for next year. The total $72,509,662 amount is broken down four main ways: $58,108,758 to run the anti-doping and medication control (ADMC) program overseen by the newly minted Horseracing Integrity and Welfare Unit (HIWU); $3,654,830 towards HISA's racetrack safety program, which initially went into effect on July 1 this year; $5,466,709 to continue building the technology needed to...