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New York State public benefit corporation overview | |
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Formed | 1973 |
Jurisdiction | Promotion by funding of the breeding of thoroughbred racehorses and to preserve New York’s farmland |
Headquarters | One Broadway Center 1st Floor Schenectady, New York 12305 |
New York State public benefit corporation executive |
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Website | www |
The New York State Thoroughbred Breeding and Development Fund Corporation is a New York State public-benefit corporation whose purpose is to dispose and distribute monies received for the purposes of advancement and promotion of breeding and raising thoroughbreds in N.Y.S., promotion of equine research, various awards to owners and breeders of N.Y.S. thoroughbreds for finishing 1st, 2nd, 3rd, or 4th in races, and providing of purse monies for races exclusively for New York Breeds. [1] The fund was established in 1973 and has paid out more than $17 million annually in breeder, owner and stallion owner awards, and in purse enrichment to the state’s tracks. [2]
The incentives provided by the Fund are financed from within the racing industry, using a small percentage of the total monies wagered through the pari-mutuel system on thoroughbred racing in New York State. The Fund also obtains revenue from a small percentage of Video Lottery Terminal (VLT) monies from the Resorts World Casino NY at Aqueduct, and from VLTs at Finger Lakes Race Track. [3]
The fund has 10 members on its board of directors. [3] In 2017, it had operating expenses of $19.5 million and a staff of 7 people. [4] Former news broadcaster in the capital region, Tracy Egan, is the fund's Executive Director. [5]
The Prix de l'Arc de Triomphe is a Group 1 flat horse race in France open to thoroughbreds aged three years or older. It is run at Longchamp Racecourse in Paris, France, over a distance of 2,400 metres and scheduled to take place each year, usually on the first Sunday in October.
Thoroughbred racing is a sport and industry involving the racing of Thoroughbred horses. It is governed by different national bodies. There are two forms of the sport – flat racing and jump racing, the latter known as National Hunt racing in the UK and steeplechasing in the US. Jump racing can be further divided into hurdling and steeplechasing.
Horse racing is an equestrian performance sport, typically involving two or more horses ridden by jockeys over a set distance for competition. It is one of the most ancient of all sports, as its basic premise – to identify which of two or more horses is the fastest over a set course or distance – has been mostly unchanged since at least classical antiquity.
Keeneland Association, Inc. is an equine business based in Lexington, Kentucky. It includes two distinct divisions: the Keeneland Race Course, a Thoroughbred racing facility, and Keeneland Sales, a horse auction complex. It is also known for its reference library.
The New York Racing Association, Inc. (NYRA) is the not-for-profit corporation that operates the three largest thoroughbred horse racing tracks in the state of New York, United States: Aqueduct Racetrack in South Ozone Park, Queens; Belmont Park in Elmont; and Saratoga Race Course in Saratoga Springs.
The Breeders' Cup World Championships is an annual series of Grade I Thoroughbred horse races, operated by Breeders' Cup Limited, a company formed in 1982. From its inception in 1984 through 2006, it was a single-day event; starting in 2007, it expanded to two days. All sites have been in the United States, except in 1996, when the races were at the Woodbine Racetrack in Canada.
In horse racing, the term purse distribution may refer to the total amount of money paid out to the owners of horses racing at a particular track over a given period of time, or to the percentages of a race's total purse that are awarded to each of the highest finishers. This article focuses on the latter definition.
A racino is a combined race track and casino. In some cases, the gambling is limited to slot machines, but many locations are beginning to include table games such as blackjack, poker, and roulette.
The Jockey Club is the breed registry for Thoroughbred horses in the United States and Canada. It is dedicated to the improvement of Thoroughbred breeding and racing and fulfills that mandate by serving many segments of the industry through its subsidiary companies and by supporting numerous industry initiatives.
Ellis Park is a thoroughbred racetrack near Henderson, Kentucky, just south of Evansville, Indiana. It is owned and operated by Churchill Downs Incorporated. While the track is located north of the Ohio River that forms the border between Kentucky and Indiana, which would put it within Indiana, the border is based on the course of the river at the time Kentucky became a state in 1792.
Group races, also known as Pattern races, or Graded races in some jurisdictions, are the highest level of races in Thoroughbred horse racing. They include most of the world's iconic races, such as the Derby, Irish Derby and Prix de l'Arc de Triomphe in Europe, the Melbourne Cup in Australia, and the Kentucky Derby and Breeders' Cup races in the United States. Victory in these races marks a horse as being particularly talented, if not exceptional, and they are extremely important in determining stud values. They are also sometimes referred to as Black type races, since any horse that has won one of these races is printed in bold type in sales catalogues.
Hollywood Casino at Charles Town Races is a casino, hotel and thoroughbred horse racing complex located in Charles Town, West Virginia, 60 miles (97 km) northwest of Washington D.C. It is owned by Gaming and Leisure Properties and operated by Penn Entertainment.
A graded stakes race is a thoroughbred horse race in the United States that meets the criteria of the American Graded Stakes Committee of the Thoroughbred Owners and Breeders Association (TOBA). A specific grade level is then assigned to the race, based on statistical analysis of the quality of the field in previous years, provided the race meets the minimum purse criteria for the grade in question. In Canada, a similar grading system is maintained by the Jockey Club of Canada. Graded stakes races are similar to Group races in Europe but the grading is more dynamic in North America.
Ogden Phipps was an American stockbroker, court tennis champion and Hall of Fame member, thoroughbred horse racing executive and owner/breeder, and an art collector and philanthropist. In 2001, he was inducted into the International Court Tennis Hall of Fame.
The Thoroughbred Corporation is a Thoroughbred horse racing and breeding operation established in 1994 by principal partner Prince Ahmed bin Salman of the Saudi Arabian royal family. It was based at an 18-acre (73,000 m2) facility at Bradbury Estates, in Bradbury, California.
The Olympic Regional Development Authority (ORDA) is a New York State public benefit corporation, created by the State of New York to manage the facilities used after the 1980 Olympic Winter Games at Lake Placid, New York.
The Agriculture & New York State Horse Breeding Development Fund is the public-benefit corporation responsible for administering the New York Sire Stakes.
The Thoroughbred is a horse breed developed for horse racing. Although the word thoroughbred is sometimes used to refer to any breed of purebred horse, it technically refers only to the Thoroughbred breed. Thoroughbreds are considered "hot-blooded" horses that are known for their agility, speed, and spirit.
Fred William Hooper was an American Thoroughbred racehorse owner and breeder. He was a member of The Jockey Club, an honorary director of the Breeders' Cup, and one of the founders of the Thoroughbred Owners and Breeders Association and one of its first presidents.
The International Cataloguing Standards Committee (ICSC), formed in 1981, is an organization in Thoroughbred racing which aims at achieving uniformity of cataloguing standards throughout the world during the internationalization of thoroughbred breeding, racing, and marketing.