The Texas Thoroughbred Association has announced two new programs to make buying, selling and racing horses in Texas more lucrative for horsemen. The Texas 2-Year-Olds in Training and Horses of Racing Age Sale, set for April 3 at Lone Star Park at Grand Prairie, will offer a rebate program for consignors and a purse bonus program for graduates of the sale.
Thanks for the passage of H.B. 2463, which injects up to $25 million annually into the Texas horse industry, funds are available that will be used to rebate up to half of the $500 consignment fee for ALL horses entered in the sale who pass through the ring, even those that are not Texas-breds.
ALL sale graduates (horses that pass through the ring), again including horses not bred in Texas, will be eligible for a purse bonus program with money paid out to owners of horses finishing first, second or third in any races at Texas tracks in 2020. The amount of the bonus payouts will be based on a percentage of purse earnings which will depend on the number of eligible horses hitting the board in Texas races, but it will be administered similarly to the Accredited Texas-Bred Program with the money being paid out in January 2021 for all races through December 31, 2020.
“The goal of these new programs is to encourage horsemen to buy and sell their horses in Texas, and then to keep those horses racing in Texas to add to what already creates a significant impact on the state’s agricultural and overall economy,” said Mary Ruyle, executive director of the TTA. “We’ve already seen more interest in Texas racing and breeding with the boosted purse structure at the current Sam Houston Race Park meet. We expect that to continue at Lone Star Park and Retama Park, and we believe these programs will only enhance that interest and participation.”