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Breeder Awards Case Study: New York

New York has four tracks – Belmont Park, Aqueduct and Saratoga operated by the not-for-profit corporation New York Racing Association, and Finger Lakes Gaming & Racetrack owned by Finger Lakes Racing Association, which is a subsidiary of Delaware North Companies. The tracks are thriving with solid purse structures because of money derived from video lottery terminals (VLTs). Aqueduct had VLTs installed in 2012 after some lobbying by horsemen to the state legislature, while Finger Lakes embraced VLTs in 2004. For every dollar bet on VLTs at New York Racetracks, 4 percent goes to NYRA for capital improvements, 8.75 percent goes to purses, and 1.25 percent goes into the New York Thoroughbred Breeding And Development Fund that redirects bonus award money for horsemen of either New York-breds and/or New York-sired horses. The breeder of a New York-bred that wins a race receives 30 percent of the purse up to $40,000. There…

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