Thanks to Indiana General Assembly approval last year, Indiana racinos introduced table games as an option for players in January. Because of this action, new revenue from this wagering has allowed the Indiana Quarter Horse Breed Development Advisory Committee to craft a 2020 racing program rewarding more breeders with more races and more money.
The 2020 program, including breed development and track contributions, will be valued at $3,618,825, an increase of 14 percent from the previous year.
“The 2020 program is a work in progress as we find ourselves in a position of estimating table games revenue this first year,” explains Jessica Barnes, Director of Racing and Breed Development for the IHRC. “The Quarter Horse Breed Development Committee intends to meet regularly during the 2020 race meet to monitor this activity. As we receive more information regarding the potential income from table games, we may go back to the IHRC with additional improvements.”
Highlights of the 2020 proposal include:
- Increase in trial purses to $15,000 per trial
- Increase purse levels of overnight races by $2,000 each
- Minimum of 74 overnight races scheduled
- Nine total Development Program restricted stakes races, paying a total minimum of $900,000
- Increase in allowance purses from $20,000 to $22,000, maiden race purses increased $2,000
- Increase Owner, Breeder and Stallion Owner Awards in open races from 6.25 percent to 12.5 percent, resulting in awards from open races equaling the bred races.
Also implemented for 2020 is an increase in hair testing for Quarter Horses racing at Indiana Grand Racing and Casino. All horses that qualify for any stakes race at Indiana Grand are subject to required hair testing immediately following the qualifying race. Horses must report to the test barn for hair testing after qualifying, or they will be in violation of the policy and may be scratched from the stakes race and assessed a penalty. Hair testing for stakes races is at the cost of the trainer.
If a stakes does not have any trials, a hair sample may be collected from any horse entered at any time prior to, or following the completion of, the stakes race.
“There has never been a more exciting time to be in horse racing in Indiana,” says Lance Finlinson, Chairman of the Indiana Quarter Horse Breed Development Advisory Committee. “There will be great opportunities for growth as an owner or breeder in Indiana in the coming future.”
More information can be found on the program’s website (http://in.gov/hrc/qh/).
Photos available upon request.
ABOUT THE INDIANA QUARTER HORSE BREED DEVELOPMENT PROGRAM
The Quarter Horse Breed Development program was established to promote the Indiana Quarter Horse industry. In 2007, legislation was passed which approved slot machines at Indiana’s pari-mutuel racetracks. The Indiana Quarter Horse Breed Development Fund receives 30% of the revenue generated from slot machines that is allocated for Quarter Horse Racing.
For more information, see the Indiana Horse Racing Commission’s website: http://www.in.gov/hrc/