KTBIF Awards Over $16 Million to Kentucky Breeders for 2023

Edited Press Release

Awards are on the way to Kentucky's Thoroughbred breeders participating in the commonwealth's Thoroughbred Breeders' Incentive Fund (KTBIF) program. The Kentucky Horse Racing Commission (KHRC) announces the release of $16.2 million through the KTBIF.

“Our horse farm families are the backbone of our racing industry, and I'm proud to support the Incentive Fund that keeps mares and foals in Kentucky,” said Gov. Andy Beshear.

According to the Kentucky Thoroughbred Association, the Kentucky Equine industry generates $6.5 billion and supports more than 60,000 jobs.

In fact, 2023 was a good year for business. Highlights include:

  • Kentucky-bred horses won 63% of all graded stakes races in the U.S.
  • Kentucky-bred horses won 298 graded stakes races with 68 of them held at one of Kentucky's five Thoroughbred racetracks.
  • Kentucky-bred horses have won the last nine Kentucky Derbies and last seven Kentucky Oaks.
  • Kentucky-bred horses took home the hardware in all three legs of the Triple Crown: Mage (Good Magic) won the Kentucky Derby; National Treasure (Quality Road) won the Preakness and Arcangelo (Arrogate) won the Belmont S.
  • Pretty Mischievous (Into Mischief) won the Kentucky Oaks.
  • Kentucky-bred Cody's Wish (Curlin) won the 2023 Horse of the Year Eclipse Award Winner.
  • Mage and Pretty Mischievous both will receive a $50,000 KTBIF bonus.

The KTBIF was implemented in 2005 to ensure the strength of Kentucky's equine industry by awarding funds to individuals who choose to breed a Thoroughbred mare in Kentucky. To qualify, the mare must be bred to a Kentucky registered stallion, remain in the state during her full gestation and foal in Kentucky.  Final award amounts are then based on the foal's eventual earnings at the racetrack.

The KTBIF is funded through a percentage of the sales tax paid when a stallion is bred to a mare in Kentucky. Since the fund's inception, more than $234 million has been distributed to Kentucky breeders for winning eligible races worldwide.

A list of the 2023 award winners, along with the amount awarded and other interesting statistics, can be found on the KHRC website by clicking here.

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KHRC Announces KTBIF Totals for 2022

The 2022 Kentucky Thoroughbred Breeders' Incentive Funds (KTBIF) have been released, totaling $17.4 million. Nine out of the top 10 earners in the U.S. in 2022 were Kentucky-breds and race horses from the state won 69% of all graded stakes races in the U.S. as well as 78% of all Grade I races. To qualify, the mare must remain in the state during gestation, and the final award amounts are based on the foal's eventual earnings at the racetrack. A list of the 2022 award winners, along with the amount awarded and other interesting statistics, can be found on the KHRC website.

“The Kentucky Thoroughbred Breeders' Incentive Fund accomplishes its mission of keeping mares and foals in our beautiful state, bolstering our billion-dollar strong equine industry, and providing more than 60,000 jobs for hardworking Kentuckians,” said Gov. Andy Beshear.

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KBIF Awards $15.9 Million in 2021

The 2021 Kentucky Thoroughbred Breeders' Incentive Funds (KBIF) distributed funds totaling $15.9 million to the state's breeders, the Kentucky Horse Racing Commission announced Monday.

“Every Thoroughbred farm, big or small, contributes to the equine industry's combined economic impact of $6.5 billion, which also employs 60,494 Kentuckians,” said Gov. Andy Beshear. “Kentucky is known as the 'Horse Capital of the World' for a reason and it's important we support those in this industry to ensure its continued success.”

The KBIF is funded through a percentage of the sales tax paid when a stallion is bred to a mare in Kentucky. Since the fund's inception, more than $200 million has been distributed to Kentucky breeders for winning eligible races worldwide.

Kentucky-bred horses won 315 group/graded races in 2021.  The winners of 4,412 races, including 299 graded races, received an award from the KBIF.

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