Benson, who grew up doing everything from foaling mares to training horses of racing age on his family's Ocala farm, attended the Equine Industry Program at the University of Louisville. He joined the stallion nominations team at Taylor Made Farm in 2017, while also managing his family's boarding operation in Lexington.

“I'm looking forward to joining the team at Old Colony in a way that I can continue to be around horses, while not having to focus in on a single facet of the industry at all times. It's great to be joining a team with such broad ranging experience,” Benson said.

“I've known Liam since he was at U of L and am thrilled to have him on the team,” said John David Christman, director of Old Colony's Farm & Equine division. “His background on the family farm, the racetrack and at Taylor Made, position him for a successful career in the bloodstock insurance business. He understands and embraces the Old Colony standards of unparalleled customer service and 24/7 accessibility.”

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Tapeta has been installed at Turfway Park in Kentucky and at Gulfstream Park in Florida, Golden Gate Fields in California and Presque Isle Downs in Pennsylvania, as well as facilities in Canada, Australia, the United Arab Emirates and the United Kingdom.

“I am honored and flattered to receive the Galbreath Award,” Dickinson said. “The safety of the horse has always been a long-term goal of mine ever since I was a child when on small ponies I had to keep up with my mother, who was on a Grade A international show jumper. We used to jump post and rail fences, some with ditches and drops, and stone walls. Since then, I've always felt very grateful and indebted to all the horses I rode.”

A native of Yorkshire, England, Dickinson is perhaps best known as the conditioner of 1996 and 1998 GI Breeders' Cup Mile winner Da Hoss (Gone West). He was a champion steeplechase jockey before becoming a trainer, is a member of the Steeplechasing Hall of Fame and has four listings in the Guinness Book of World Records, including the record for the most racing wins [12] in one day. Dickinson owns and operates Tapeta Farm training center in Maryland.

“We are excited to present the 2022 Galbreath Award to Michael Dickinson for his contribution to the sport of racing through the creation of Tapeta and synthetic track surfaces,” K. Amy Lawyer, assistant professor and chair of UofL's Department of Equine Administration, said. “The nature of the Galbreath Award is to recognize innovation and business efforts that move the equine industry forward. Mr. Dickinson's business achievements added a new element to a sport that had been largely unchanged for centuries.”

The Galbreath Award is named for the late John W. Galbreath, a self-made man who distinguished himself in both business and as a horseman. The Darby Dan Farm founder was honored with the 1972 Big Sport of Turfdom Award and in 1974 he won the Eclipse Award for Outstanding Breeder. He was inducted into the National Museum of Racing and Hall of Fame in 2018 as one of its esteemed Pillars of the Turf.

For information on the award presentation dinner to honor Dickinson to be held Mar. 30, contact Kimberly Spear at kimberly.spear@louisville.edu or 502-852-7727.

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On Jan. 8, 2022, just over three months after taking out her training license and just over a decade after her graduation from UofL, Schultz found herself exactly where she wanted to be: the winner's circle at Oaklawn Park.

“It was a pretty neat experience,” said Schultz, who saddled her first winner, an 8-year-old Scat Daddy gelding named Capture the Glory, to victory in a one-mile claiming race at the Arkansas track. “He went to the lead and beat the rest of the horses easily. It was great to see. It's nice when horses show you in the afternoon what they show you in the morning.”

Schultz's road to the training ranks has been an indirect, if educational one that began its realization back in Louisville, when she found herself gravitating towards the study and the business of racing. A lifelong horsewoman who had grown up competing hunter/jumpers and eventers, the breadth of opportunities available to young professionals looking to make a start in the industry appealed to Schultz off the bat.

“When I was at Louisville and we went to the Breeders' Cup that first year, I saw that this was an industry where I could have a career,” Schultz said. “I started prepping yearlings at Lane's End, and then I walked for Nick Zito in Saratoga. After I'd worked for Nick I had already been on the backside and I was more comfortable, so I began working before classes while I was still in school helping out his stable.”

Determined to expand her industry experience after graduation, Schultz took her business degree and her passion for racing to the barn of Tom Proctor. She would work for the Breeders' Cup winner only a handful of months in Saratoga before she was selected for the prestigious Darley Flying Start management training program.

For two years Schultz traveled the world with Darley. But when all roads led back home, Schultz returned to Proctor when he called and offered her a job.

“Tom called me when I was finishing and offered me a job. I came and worked for him as an office manager, foreman, and traveling assistant,” said Schultz. “I got my assistant trainer's license quickly so I got to go with some of the stakes horses and saddle them in their races, so that was fun. After a couple of years I had my own string at Arlington, then I was at Fair Hill Training Center for a couple years. It was about that time that Tom and I started talking about me going out on my own.”

But despite her serious mind to start her own string, the industry had other plans. Glen Hill Farm's Craig Bernick, a client of Proctor's, approached Schultz and asked her to move to Ocala, Fla. to manage his farm.

“That wasn't something I had had on my radar, but it was a relationship that I wanted to keep,” said Schultz. “It was a really good job and opportunity so I went. I was down there for about three years.

“It was a lot of breaking and pre-training as well as managing a 250-acre farm. We also set up the sales consignment while I was there, which was neat. We sold some really nice mares that way. But I wanted to get back to the track.”

Schultz's timing proved to be opportune. In the fall of 2020, trainer Shug McGaughey was looking for a new assistant, and Schultz fit the bill. She would spend almost a year with the Hall of Famer before the opportunity to start training on her own finally came back around.

That opportunity came in the form of Ten Strike Racing founding partner, Marshall Gramm. It was a contact Schultz had made and fostered through her former UofL roommate and good friend, Liz Crow.

In addition to being a partner in both the BSW/Crow Bloodstock and ELiTE Sales—both top-tier operations in the Thoroughbred industry—Crow also serves as the racing manager for Ten Strike Racing.

“When Liz went out on her own, Marshall Gramm was someone who really helped her do that, and Liz had introduced me to him maybe 6 years ago when I was at Fair Hill,” said Schultz. “At the time, Tom Proctor told me, 'If you want to train one or two horses by yourself while you're still working for me, feel free.' And Marshall had a horse he wanted to send to me.

“After leaving Tom I kept in touch with Marshall. He was nice enough to let me know that when I wanted to go out on my own that he had horses he wanted to send to me and that he wanted to help me get my start. That was my push to start.”

In addition to Ten Strike, who remains Schultz's primary owner, the budding trainer also runs horses for Allen Schubert and Scott Galloway, clients she met by way of her connection to Proctor.

With Oaklawn Park her base for the duration of the meet, Schultz now has eight horses in her barn including Capture the Glory, who races in the Ten Strike Racing colors.

“Capture the Glory was pretty neat, because the trainer I claimed him from, Will Gallagher, has been a friend since I claimed the horse,” said Schultz. “He's been great and he's helped me out at Churchill Downs and he called me after the horse won to congratulate me, which was so nice. The horse is so sound and he loves to train. He's 8-year-old by Scat Daddy, so it's neat to just have one of those in the barn.”

With her barn still in flux and plenty of time left in the year to make decisions, Schultz is happy to call Oaklawn home for the moment. Her forward-looking plans lie ahead with the 2-year-old sales, where she hopes to source new talent and new clients, building her stable and her business with equal conviction.

“Scott, Allen, and I tried in November to buy a couple horses of racing age and got outbid,” said Schultz. “I also tried this past January to get another one as well, but I was also outbid. So I will go to the 2-year-old sales to shop for them. Liz and I did put together a little syndicate to buy a Midnight Storm yearling in September and Liz picked her out so she will be my first official 2-year-old. That is something that's really fun to look forward to.

“I'll have to see where the best opportunities are for racing this summer. I love being in Kentucky, but I've also been on the East Coast as an assistant so I will see how it goes and then decide.”

As the latest leg of her journey builds on its opening success, Schultz credits much of her success to her friends and colleagues, who act as both support structure and cheerleading squad. But she finds her greatest lesson to be the one she brought with her to the equine industry program at UofL; remain open to the experience and to the people who can teach you all the lessons you need to know.

“I didn't grow up in this industry so I really did try to immerse myself in every aspect of this as much as I could,” said Schultz. “I think a lot of it is learning to pay attention to what the people around you are doing, and how the people you respect especially do things. You have to try and learn from everyone that you think is doing a good job. A lot of it is common sense and keeping it simple, but you have to learn from everyone around you, all the time.”

Capture the Glory winning at Oaklawn for trainer Lindsay Schultz

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In Kentucky, HHR machines have recently been classified by the legislature as a form of pari-mutuel wagering after a court ruling questioned their legitimacy from a state constitutional perspective. The reclassification allows HHR machines to continue to operate and racetracks and gaming centers across the state plan to expand the number of machines.

Using Kentucky Horse Racing Commission reports of monthly revenues from 2016 to 2021, the graph below shows the trend in the contributions in gross revenues – or handle – per month for all HHR machines in the state. The upward-sloping trend line reflects gross revenues per day per machine.

According to this data, each machine contributes an average of $143,000 per month to total gross revenues. Payouts to customers usually are at least 90 percent of gross revenues, leaving $14,300 profit per machine per month.

With the low labor and maintenance costs that accompany HHR machines, it is easy to see why racetracks and gaming centers in the state want to add more of these machines.

According to recent press reports, Turfway Park in Florence, Ky., and Derby City Gaming in Louisville plan to add approximately 2,000 machines combined over the next several years. According to the information above and holding all else constant, such machines could earn Churchill Downs (the owner of Turfway Park and Derby City Gaming) around $286 million more per month or $3.4 billion per year. At a tax rate of 1.5 percent, this increase could produce around $51 million in tax revenues for the commonwealth per year.

All data is adjusted for and accounts for reduced operating hours in 2020 due to COVID-19 restrictions and precautions.

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“Dr. Richardson positively impacted the lives of countless individuals and meant so much to so many people in this community as well as the horse racing industry,” said Churchill Downs president Mike Anderson. “The Churchill Downs family is absolutely devastated to learn of his passing. He was such a fantastic man of the highest integrity and a tremendous champion of Thoroughbred racing. Our deepest condolences are extended to his numerous friends and family and especially to his children Melissa, Amy and Britton, his wife Maxine and brother Dr. Ron Richardson. Churchill Downs won't be the same without 'Doc' Richardson around.”

Born in Morehead, Ky., Dr. Richardson graduated from Morehead State University and the University of Kentucky's School of Medicine. Dr. Richardson rose to become chief of surgery and vice chair of the University of Louisville's department of surgery. He also was the former chair of the American Board of Surgery and a Regent of the American College of Surgeons.

A cousin of legendary late Hall of Fame trainer Woody Stephens, he bought his first horse in 1975 at age 30 and campaigned his first stakes winner in 1978. Either by himself or in partnerships with others, Dr. Richardson raised and sold more than 1,000 horses that ultimately won races. As an owner, he won more than 100 races in his career. Three-year-old homebred filly Lady Edith provided Richardson and partner Sandra New with a thrill on May 8, 2021 when she won the $108,075 Mamzelle Overnight Stakes at Churchill Downs by a neck at odds of 24-1.

In partnership with his medical and racing colleague Dr. Hiram Polk, Richardson bred and raced multiple stakes winner Mrs. Revere, who won four Churchill Downs stakes races during a two-year reign in 1984-85. Mrs. Revere collected three of those stakes during her 3-year-old season, thus providing Churchill Downs an opportunity to appropriately honor the filly with a Grade 2 stakes event for 3-year-old fillies on turf each fall. They also campaigned the Grade 1 winner Northern Emerald and stakes winners Maria Balastiere, Liz Cee and Harrods Creek.

Dr. Richardson was a member of the Kentucky Horse Racing Commission and The Jockey Club, also serving on the executive committee and board of trustees for the Thoroughbred Owners and Breeders Association, for which he'd been chairman, vice chairman and secretary, and also chaired TOBA's graded stakes committee.

Richardson was on Churchill Downs' racing committee comprised of racetrack representatives and horsemen. He also was a longtime Breeders' Cup board member and past president of the Kentucky Thoroughbred Association and Kentucky Thoroughbred Owners and Breeders.

“We are heartbroken and saddened by the passing of Dr. J. David Richardson, a remarkable man both in the medical community and the Thoroughbred industry,” said TOBA president Dan Metzger. “Dr. Richardson gave selflessly of his time in supporting many of our sport's organizations, including four years as TOBA chairman and nine years on the American Graded Stakes Committee, including seven as chairman. He was admired and loved by the countless he touched throughout the industry and we will forever be indebted to him for his steady leadership at TOBA. We send our heartfelt condolences to his wife Maxine, his children Amy, Britt and Melissa, his brothers Ron and Paul and to his entire family. A life well-lived, he will be dearly missed.”

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Richardson had been briefly hospitalized in the intensive care unit at Saratoga Hospital; he was believed to be 76 years old.

Chauncey Morris, the executive director of the Kentucky Thoroughbred Association and Kentucky Thoroughbred Owners and Breeders (KTA/KTOB) organization, confirmed the details of Richardson's passing to TDN. Morris noted in an email that Richardson had been vaccinated against COVID-19.

“David was a remarkable man who touched so many lives in his capacity as a brilliant surgeon, mine included, and seamlessly blended his Eastern Kentucky sensibilities with his dual professions and passions of horse racing and medicine,” Morris wrote. “There are countless people on the backside and frontside who literally owe their lives to David thanks to his keen observations of some health issue which led to first-class treatment, despite [a patient's] ability to pay.”

Tommy Drury, who trained horses for Richardson, wrote on Facebook that, “My heart is truly broken, as I'll never get the chance to thank you for all you've done to make my life better. RIP Dr Richardson. My life just won't be the same without you.”

James David Richardson (he was generally known by either just his middle name or “J. David” to friends) was the first child born into a working-class family in Morehead, Kentucky. According to a biography published earlier this year in The American Surgeon, Richardson was an outstanding student who rose to be valedictorian of his high school class, winning a state essay contest on ethics and citizenship while also teaming to win the Kentucky debating club championship.

Richardson graduated from Morehead State University in just three years with a near-perfect grade point average, then was awarded a scholarship to the University of Kentucky (UK) medical school.

Upon graduating from UK in 1970, he was recruited as an intern and resident to the Department of Surgery at UK, then transferred to the University of Texas at San Antonio where he completed both general surgery and thoracic surgery residencies. Richardson subsequently became one of the nation's few quadruple board-certified surgeons (general, thoracic, vascular and critical care surgeries).

Soon after, Richardson was recruited to the faculty of the University of Louisville, where for decades he served as a professor and later as vice chair of surgery. In 2014, he was elected president-elect of the American College of Surgeons.

“I did big surgery,” Richardson told TDN in a 2019 profile. “The first liver transplants in Kentucky, for example. I ran a trauma program for years. Major surgery is extraordinarily high stakes, high risk, high reward–and a lot of pressure. But while I've never had to do horses for business, I'm very sympathetic with people who do. If you've paid a big stud fee, or bought a high-priced mare, and are counting on that to make your nut for the year, I would think that's a very intense thing. Great when it works, terrible when it doesn't. It's not like life and death. But it's certainly a lot of pressure.”

In response to Richardson's passing, the University of Louisville Hospital released a statement Tuesday which read, “U of L Health extends its sympathy to his family and is grieving with them. He was an outstanding mentor and skilled surgeon who saved the lives of thousands through his work and education of many future doctors. Dr. Richardson was a beloved member of our family and will be missed.”

Horses had fascinated Richardson since boyhood, when he would leave friends at the Coney Island amusement park in Cincinnati to bluff his way, underage, into the adjacent River Downs racetrack. He bought his first Thoroughbred in 1975, at age 30, and had his first stakes winner in 1978.

“I enjoy all aspects of it,” he told TDN. “I like to bet. I like to breed horses. I love to race horses. Even in claiming races, I still get a kick out of winning.”

While carving out a career as a young medic, Richardson was taken under the wing of Hall-of-Fame trainer Woody Stephens, who was a family member and, like Richardson, had also risen from modest means in rural Kentucky to achieve wider success in his chosen field (Richardson called Stephens “Uncle” even though the trainer was Richardson's father's cousin). Through Stephens, Richardson availed himself of opportunities to learn everything he could about selecting, raising and training racehorses.

By the early 1980s, Richardson had learned enough to get involved in picking out some of the better-known horses campaigned by owner Henryk de Kwiatkowski that Stephens would go on to train. Among them were Danzig, Conquistador Cielo, and Sabin.

According to his American Surgeon bio, around the mid-1980s, Richardson began to devote more time to owning his own horses, especially broodmares. “Either by himself or in partnership with others, he has raised and sold over 1,000 horses that have ultimately won races at different tracks,” the bio stated. As of earlier this year, Richardson owned about 40 horses in various stages of development.

“I've spent tens of thousands of hours working things out,” Richardson told TDN in 2019. “I've looked at thousands of yearlings. I've looked at broodmares, November and January, snow knee-deep or bitter, freezing my butt off. So to me, that's part of paying your dues, and trying to become better versed, and staying up with the game. Because if you really do that carefully, you see how sometimes horses that win races aren't the prettiest things, or the best conformed.”

When it came to acquiring his own horses, Richardson relished that challenge of coming up with overlooked contenders that outran their auction purchase prices. In 1991, he bought eventual MGSW Northern Emerald in partnership for $55,000; she won the 1995 GI Flower Bowl H. Richardson also co-owned the homebred MGSP Mrs. Revere in the 1980s; that filly now has a stakes race named in her honor at Churchill Downs.

Richardson was a member of The Jockey Club, and twice served as president of the KTA/KTOB. He served as chairman of Thoroughbred Owners and Breeders of America and also as chair of its American Graded Stakes Committee. He also served on the Breeders' Cup Board of Directors.

“It's a tough business, but it's a great sport,” Richardson told TDN in 2019. “Horses are such wonderful creatures. I take a lot of people out to the track–we do it every year with the surgical residents–and the joy people have when they experience racing, even as novices, is amazing to see. So I hope we never lose that.”

According to Morris, Richardson is survived by his wife, Maxine, and three children.

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The final event in the series will be an interview with Houston business owner, philanthropist and horse owner Jim “Mattress Mack” McIngvale. The events will be held from 5:30-6:45p.m., and will be broadcast live on the Horse Racing Nation Facebook page.

This year's series features:

Sept. 14  – “Examining Horse Racing's 'Super Card' Trend,” Horn Auditorium – UofL College of Business

• Eric Halstrom – vice president and general manager of racing, Indiana Grand Racetrack & Casino
• Ben Huffman – vice president, racing and racing secretary, Churchill Downs and Keeneland
• Jon Moss – executive director, Iowa HBPA Inc.

Panel moderated by Jude Feld, racing analyst and contributor, Horse Racing Radio Network.

Oct. 12  – “How Racing Can Grow Through Diversity and Inclusion,” UofL Student Activities Center

• Jason Wilson – chief operating officer, 1/ST Content
• Greg Harbut – founder and president, Harbut Bloodstock
• Ron Mack – executive director, Legacy Equine Academy

Panel moderated by Alicia Hughes – digital content editor, TVG/FanDuel.

Nov. 9  – “An Evening with “MATTRESS MACK,” aka Jim McIngvale,” UofL Student Activities Center

The series concludes with an entertaining evening with Jim “Mattress Mack” McIngvale, known in racing circles for his strong opinions on the sport, horses running medication free and supporting the ecosystem of horse racing by placing wagers at the racetrack instead of advance-deposit wagering accounts.

Tickets are required for the free events. For more information and tickets, contact Kimberly Spear at kimberly.spear@louisville.edu or 502-852-7727.

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Five stakes are scheduled, including the GII Pocahontas S., the GIII Iroquois S., and the GIII Locust Grove S. The first two are both “Win and You're In” races for the Breeders' Cup. Gates will open at 5 p.m. ET. Visit www.ChurchillDowns.com/Tickets for tickets.

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“We worked in collaboration with the industry through local, national and international focus groups to develop the content for this program,” said Sean Beirne, equine industry program director. “We touch on topical and pressing issues happening in our industry including crisis management, the Horse Racing Integrity and Safety Act and an in-depth look at stakeholders including breeding farms, horse sales, racetracks and the rapidly expanding segment of aftercare. “As a former racetrack executive, I believe this certificate will help accelerate someone's career.”

The nine-credit-hour, graduate-level certificate is comprised of six courses. Each course is 1.5 credit hours and runs five weeks. The certificate is intended as a stand-alone program; however, the credits are applicable toward completion of an MBA.

Three courses will be offered in the fall of 2021. All six courses will be available in the spring 2022, with two courses per five-week session.

Horse Racing Industry Business Certificate courses:

EQIN 610 Horse Racing Industry Overview
EQIN 620 Strategic Communications for the Equine Industry
EQIN 630 Management and Leadership of Equine Enterprises
EQIN 640 Racetrack Operations and Related Activities
EQIN 650 Equine and Sports Analytics
EQIN 650 Regulatory Law in the Thoroughbred Industry

As the only undergraduate equine program in the world located in an AACSB accredited college of business, core business administration classes for the UofL Equine Industry Program combine with 27 hours of specialized education, focusing on equine enterprises and event management. Because of the program's location in famed Kentucky horse country, classroom instruction is supplemented with the opportunity for internships, field experience and contacts with prominent industry professionals.

For more information, click here.

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