It was the day of the $15.9 million payout shared to Kentucky thoroughbred horse breeders when the Kentucky Horse Racing Commission announced the release of the 2021 Kentucky Thoroughbred Breeders Incentive Fund, totaling $15, $9 million for Kentucky breeders.
“Every thoroughbred farm, large or small, contributes to the combined economic impact of the $6.5 billion equine industry,” said Governor Andy Beshear. “Kentucky has been named the ‘Horse Capital of the World’ for a reason, and it’s important that we support those in the industry to ensure its continued success.”
In fact, Kentucky crossbreds have 315 wins by grouping and grading, including Mysterious Guide Win the prestigious Dubai World Cup, an international race that attracts horses from around the world. This year, the winners of 4,412 races, including 299 classified races, received prizes.
The KBIF was implemented in 2005 to ensure the strength of Kentucky’s horse industry by awarding funds to individuals who choose to breed a thoroughbred in Kentucky. To qualify, the resulting foal must remain in the state for the duration of the pregnancy, and the final bonus amount is based on the foal’s final earnings at the racecourse.
KBIF is funded through a percentage of sales tax paid when a stallion is bred with a mare in Kentucky. Since the foundation of the fund, more than $200 million has been distributed to Kentucky breeders to win qualifying races worldwide. For the full list of 2021 award winners and statistics, click here.
