The Standardbred Breeders and Owners Association of New Jersey would like to clarify to all horsemen how the $20 million appropriation will be utilized.
The amounts will be allocated by the New Jersey Racing Commission equally between the thoroughbred industry and the Standardbred industry. Of the funds allocated to the Standardbred industry, 60 percent will be allocated to the Meadowlands overnight purses; 16 percent to Freehold overnight purses; 12 percent to the New Jersey Sire Stakes purses; 12 percent to purse bonuses for New Jersey sired horses and for breeders awards programs.
Additionally, the Meadowlands purse account will receive a minimum of $1 million per year from the Meadowlands sports betting revenue.
The SBOANJ’s breeders committee will be meeting shortly to determine the best way to fund the breeding programs. If you have any questions please feel free to call the office 732-462-2357.
(SBOANJ)