Monumental Racing and Community Development Act becomes law

The Racing and Community Development Act of 2020, which will protect the long-term future of horse racing in Maryland through the rebuilding of Pimlico Race Course and Laurel Park into state-of-the art facilities, was one of many bills Gov. Larry Hogan allowed to become law without his signature May 7.

The legislation, which had broad bipartisan support in the House of Delegates and Senate, calls for the Maryland Stadium Authority to issue up to $375 million in bonds for the projects through a combination of funds from the Racetrack Facility Renewal Account, the Purse Dedication Account, video lottery terminal payments to Baltimore City and money from the Maryland Lottery. The Act will take effect June 1.

Read more ...

Backstretch Pension Signups To Begin With Important Webinar on May 12 at 2pm

The Maryland Thoroughbred Horsemen’s Association will offer an educational webinar on Tuesday, May 12, to explain procedures necessary to sign up for the Maryland Backstretch Pension Program this year.

The webinar will be held from 2-3 p.m. To register, click here

Virtual sign-ups are necessary this year because of ongoing physical-distancing requirements issued by state government officials because of the coronavirus (COVID-19). Along with online transmission of applications and tax documents such as Form W2, the MTHA is setting up backstretch collection boxes to obtain forms and documents from backstretch workers.

Read more ...

Application process reopens for COVID disaster loan program

The United States Small Business Administration has reopened the application process for the Economic Injury Disaster Loan COVID-19 related assistance program after a short delay.

The EIDL application is available here.

Farms with fewer than 500 employees whose primary activity is breeding horses may now apply for these loans offered to businesses that have suffered economic hardship as a result of the coronavirus pandemic.

The Thoroughbred Horsemen's Association and National Thoroughbred Racing Association lobbied the SBA for several weeks after farms were excluded from earlier federal emergency aid packages. On April 24, President Trump signed into law another package providing relief to small businesses, including farms and ranches.

One-Time Waiver On Claiming Price Adopted For Resumption Of Racing

In light the shutdown of live racing at Laurel Park that began in mid-March, the Maryland Jockey Club and Maryland Thoroughbred Horsemen’s Association have agreed on a policy designed to assist owners when racing resumes. The MTHA Board of Directors signed off on it May 1.

Under the policy, horses which have not run since March 15—the last day of racing at Laurel before the COVID-19 shutdown—may enter a claiming race and waive the claiming price if the horse is entered for a claiming price not less than the claiming price for its last start. For instance, if a horse raced for a $16,000 tag and is entered in a claiming race with a price of $16,000 or higher, the owner can opt to waive the claiming price.

The rule is only applicable for a horse’s first start back for a period of 90 days, starting with the first day live racing resumes in Maryland.

Read more ...

May 2020 Newsletter Available

newsletter2020 5The May 2020 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.

 

MTHA launches trainer commission deduction program

In advance of a resumption of live racing, the Maryland Thoroughbred Horsemen’s Association has worked with the Maryland Jockey Club to develop a system that will allow trainers access to the standard commission from purses in a more timely manner.

The MTHA Board of Directors unanimously voted to implement the program, which permits the automatic deduction by the Horsemen’s Bookkeeper of the standard 10% gross commission for trainers from all starters that finish first, second or third in all overnight and stakes races after purses are released. The hope is that the program, similar to the one by which jockeys are paid, helps get money to trainers more expeditiously, especially during this difficult economic period.

Read more ...

Purse Release

TrainerCommission

Email2

MAST

Mailbox