The Kentucky Equestrian Commission announced on February 17 the release of the Kentucky Thoroughbred Breeders Incentive Fund for 2022, totaling $17.4 million.
“It’s an exciting time of year in Kentucky,” said Governor Andy Beshear. “Start with the release of these funds to Kentucky breeders and begin the countdown to the 2023 Kentucky Derby (G1).
Governor Beshear added: “The Kentucky Thoroughbred Breeders Incentive Fund has fulfilled its mission to keep mares and ponies in our beautiful state, fostering a strong, multi-billion dollar equine industry. our la and provides more than 60,000 jobs for hard-working Kentuckians.”
Nine out of the 10 highest earners in the United States in 2022 are of mixed Kentucky. Another look at the stats shows that in 2022, Kentucky bred:
* Wins 69% in all graded bet races in the US
* Win 78% of tier 1 races in the US
KBIF was launched in 2005 to ensure the strength of Kentucky’s horse industry by awarding money to individuals who choose to breed Thoroughbred mares in Kentucky. To qualify, mares must be in state during pregnancy, and the final prize amount is based on the foal’s final earnings at the racecourse.
KBIF is funded through a percentage of sales tax paid when a stallion is mated to a mare in Kentucky. Since the foundation of the fund, more than $217 million has been distributed to Kentucky breeders to win qualifying races worldwide.
You can find a list of the 2022 award winners, along with the amount awarded and other interesting statistics on KHRC website.
This press release has been edited by BloodHorse Staff for content and style.