Unbridled Racing Stable 1.877.WINS.BIG

REMARKABLE HORSES. PASSIONATE PEOPLE. THOROUGHBRED-OWNERSHIP REDEFINED. 1-877-WINS-BIG

September 2011: NYRA announces that purses for the winter/spring meeting at
Aqueduct will increase $8.6 million, or 36%, over what was paid out this year --
this translates to $55,000 (routes) and $50,000 (sprints), for NY-Breds, up from $39,000
and $38,000 respectively. New York purses are expected to increase even more for the
warmer-weather meets at Belmont Park and Saratoga.

In 2008, NYRA paid a record $122 million in purses
between Aqueduct, Belmont Park and Saratoga.

The New York Thoroughbred Breeding and Development Fund will also benefit,
with 1% of VLT revenue allocated for year one -- this means
an additional $5.7 million for breeders.

One-third or 30% of all NYRA racing is restricted to New York-Breds.
“New York racing handle and weekly cards are fueled by NY-Bred racing,” said Cannizzo.
“The average New York-bred race consists of two to three more starters than its
comparative open-company race. With each additional entrant, on average $140,000 to
$160,000 more is wagered. Therefore, field size is driven by NY-Breds, and is permitting
much of the purse structure that exists today in New York.”

NYRA’s 25-year franchise with the state of New York
requires them to card 600 New York-Bred restricted races per year.

“Our breeding fund has always been the best because it’s based on racing,” said
Cannizzo. “Even if the fund was worth significantly less, it could arguably still be the
best because the program that NYRA puts together for New York-Breds to race, both
in conditions and in a stakes schedule, is like no other state has.

NY-Breds have 40-plus stakes worth over $4 million annually, and a total combined
purse program of $36 million. So there’s a whole other outlet for making money just
because you have a NY-Bred, known as racing opportunity.
That’s what separates this program from any other.”

“Another positive sign is that we’re seeing NYRA move to raise the
minimum purse for 2-year-olds to $60,000 this year,” said Joe McMahon.
“I’m very, very optimistic,” added McMahon. So we’re very bullish about the future.
We think it’s just around the corner and
it’s going to be bigger than anyone can imagine.”

SOURCE: EMPIRE STATE OF MIND http://www.thoroughbreddailynews.com/restricted/pdf/magazine/TDNMagazine-JULY2011.pdf

Click to Open PDF