More than $14 million given to horse breeders to keep business in Kentucky

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FRANKFORT, Ky. (WTVQ) – The Kentucky Horse Racing Commission (KHRC) announced Friday the release of the 2019 Kentucky Thoroughbred Breeders Incentive Funds (KBIF), totaling more than $14.3 million.

The incentive fund encourages Thoroughbred horse owners and breeders to conduct business in Kentucky. To qualify for the award, a mare must be nominated for the program and remain in the Commonwealth from the time of breeding until the birth of the foal. The final award amount is dependent on the foal’s eventual earnings at the racetrack, and participants submit applications to KHRC to claim the award.

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More than 4,100 races were eligible for awards for KBIF horses winning in Kentucky, the United States and Group wins in Canada, England, France and Ireland. This year, the number of breeders awarded total 1,443.

The KBIF is funded through a percentage of the sales and use tax on the fees paid when a stallion is bred to a mare in Kentucky. Since 2006, nearly $170,000,000 has been awarded to breeders for winning eligible races across the globe. Money allocated in 2020 is for wins in 2019.

For more information, including a list of award winners and statistics on races awarded, visit http://khrc.ky.gov/Pages/default.aspx.

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Bobbi McSwine joined the ABC 36 News Team in March 2020. She started as a Web Content Producer in November 2019. She was born and raised in Chicago, IL, known to many as the “Windy City.” She studied journalism at the University of Illinois in Urbana Champaign. While in school, she had a number of internships ranging from Free Spirit Media, ABC 7 Chicago and Illinois Public Media. She fell in love with writing in high school and paired that with a newfound passion for storytelling in college. She misses her hometown, but she loves the horses and rich history in Lexington. When she’s not working, she’s probably listening to music or binge-watching Netflix. She’s always looking to get to know more people in Central Kentucky, so feel free to shoot her a message on Facebook @BobbiWTVQ, follow her on Twitter @McSwineB_News, or send her an email at bmcswine@wtvq.com.