Kentucky Thoroughbred Breeders' Incentive Funds

Edited Press Release Awards are on the way to Kentucky's Thoroughbred breeders participating in the commonwealth's Thoroughbred Breeders' Incentive Fund (KTBIF) program. The Kentucky Horse Racing Commission (KHRC) announces the release of $16.2 million through the KTBIF. "Our horse farm families are the backbone of our racing industry, and I'm proud to support the Incentive Fund that keeps mares and foals in Kentucky," said Gov. Andy Beshear. According to the Kentucky Thoroughbred Association, the Kentucky Equine industry generates $6.5 billion and supports more than 60,000 jobs. In fact, 2023 was...

The 2022 Kentucky Thoroughbred Breeders' Incentive Funds (KTBIF) have been released, totaling $17.4 million. Nine out of the top 10 earners in the U.S. in 2022 were Kentucky-breds and race horses from the state won 69% of all graded stakes races in the U.S. as well as 78% of all Grade I races. To qualify, the mare must remain in the state during gestation, and the final award amounts are based on the foal's eventual earnings at the racetrack. A list of the 2022 award winners, along with the amount...

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...