How does a breeder qualify for awards?
Awards are paid to registered “accredited” and “non-accredited” New Jersey-breds finishing first through third in any races run within New Jersey. 35%* of the purse earnings will be paid if the foal is sired by a registered New Jersey stallion and the foal is conceived in New Jersey. 25%* of purse earnings will be paid if the foal is sired by a stallion that stands in a state other than New Jersey.
In any calendar year in which there is a surplus of money after the in-state awards program has been distributed, the surplus shall be used to provide awards to the breeders of registered “accredited” and “non-accredited” New Jersey bred horses who finish first through third in races run at an out-of-state racetrack held at least 30 days before the start of the first thoroughbred meet of the calendar year or 30 days following the conclusion of the last thoroughbred meet of the calendar year at a racetrack in New Jersey. The same percentages listed above will apply to the out-of-state races.
How does a stallion owner qualify for awards?
The owner of the stallion must register said stallion each year with the TBANJ. Stallion owners will receive an award equal to 10%* of the amount that the foals of the registered stallion earn while finishing first through third in races run within New Jersey.
How does an owner qualify for awards?
Owners of registered “accredited” and “non-accredited” New Jersey-bred horses will receive a 30% bonus for finishing first through third in any open company races run within New Jersey. This bonus will be deposited into the owners account at the racetracks at the conclusion of each qualifying race. The 30% bonus from the racetrack has a maximum award of $15,000.
In addition, a 10%* award will distributed by the TBANJ to the owner’s of registered “accredited” and “non-accredited” New Jersey-bred horses who finish first through third in open company races run within the State. These awards will be distributed approximately 30 days at the conclusion of each racing meet.
*There is a $5,000 maximum first place award for each race and a maximum of $3,000 for second and third. Total awards will be determined based on funds generated annually. |