April 2017 Newsletter Available

newsletter2017 4The April 2017 edition of the Horsemen's Newsletter is now online and available for download. To view this edition click herearrow

The Horsemen's Newsletter is published monthly by the Maryland Thoroughbred Horsemen's Association and is mailed to licensed owners and trainers in the state of Maryland.

 

Commission Hears About Report on Maryland Purse Payouts

The Maryland Racing Commission March 23 received a report from the Maryland Thoroughbred Horsemen’s Association that shows owners, trainers and breeders with ties to Maryland took home the bulk of the more than $50 million in purse money paid at the state’s Thoroughbred tracks in 2016.

The subject was raised by MRC member Konrad Wayson, who said he had heard a large amount of purse money was going to out-of-state interests. Wayson then cited the report, which indicates 78.2% of the $50,085,471 in purse earnings was paid to horses with Maryland connections.

Maryland connections for the purse report were defined as owners, breeders and trainers, either separately or in combination.

“We obtained a detailed report from the Jockey Club on every starter in Maryland last year and then analyzed this data,” MTHA Executive Director David Richardson said. “At least now we have actual data instead of just backstretch rumor. Our case to (lawmakers) in Annapolis is that their investment in horse racing is paying off for Maryland and our numbers support this.”

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Fantasy Ownership Challenge begins with a bang

The luck of the draw paid off for T. Chris Young and a few others when Triple Tree Stable's Claravoyant won one of six races to kick off the 2017 Fantasy Ownership Challenge at Laurel Park.

Participants in the free Fantasy Ownership Challenge were randomly assigned horses in the six overnight races on the Saturday program, and Claravoyant, trained by Mary Eppler and ridden by Alex Cintron, won the race with the largest purse of $50,000. Claravoyant earned $28,500 for winning the maiden special weight event for fillies and mares and as of March 19 topped the earnings' list for the more than 40 horses that are now part of the contest that runs through Dec. 31 of this year.

About 300 people signed up for events on Fantasy Owners Day—far more than expected—which included a seminar for prospective owners. Many of those eligible to register for the Fantasy Ownership Challenge expressed enthusiasm throughout the day.

Among those who drew an envelope containing the name Claravoyant in the fourth race was T. Chris Young, a vice president and investment adviser for PNC Bank who visits Maryland racetracks from time to time.

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MD Sports Betting Bill Includes Racetracks, Purse Accounts

Legislation authorizing a study of sports betting, licenses for which would be available to racetrack and casino operators, had its first hearing March 1 before the House Ways and Means Committee.

The bill, sponsored by Republican Delegates Jason Buckel and Kevin Hornberger, was introduced Feb. 8. It would create a task force to study sports betting but also says implementation would hinge upon approval via a statewide constitutional amendment and changes in law on the federal level.

Sports betting in the United States is legal in Delaware, Montana, Nevada and Oregon, and to varying degrees. Any expansion of gambling in Maryland requires a constitutional vote.

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March 2017 Newsletter Available

newsletter2017 3The March 2017 edition of the Horsemen's Newsletter is now online and available for download. To view this edition click herearrow

The Horsemen's Newsletter is published monthly by the Maryland Thoroughbred Horsemen's Association and is mailed to licensed owners and trainers in the state of Maryland.

 

Home Cooking: Maryland Connections Have Successful Year for Purses Earned

Owners, trainers and breeders with ties to Maryland took home the bulk of the more than $50 million in purse money available at the state’s Thoroughbred tracks in 2016.Owners, trainers and breeders with ties to Maryland took home the bulk of the more than $50 million in purse money available at the state’s Thoroughbred tracks in 2016.

A recent in-depth study shows that for total 2016 purse earnings of $50,085,471, 78.2% was paid to horses with Maryland connections. And the percentage was even higher when it came to money earned by Maryland connections in thousands of overnight races.

Of the $40,293,471 in purse earnings in overnight races at Laurel Park, Pimlico Race Course and the Maryland State Fair at Timonium, 86.4% went to horses with Maryland connections—owners, trainers and breeders either separately or in combination. 

Stakes earnings in Maryland in 2016 totaled $9,792,000 ($6,251,200 of which was derived from the Thoroughbred Purse Account). Horses with a Maryland connection collected 44% of the total ($4,312,57) or 52% if you exclude the Preakness. The purse of the middle jewel of the Triple Crown is split 50/50 between the Maryland Jockey Club and Thoroughbred Purse Account.

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