The Louisiana Thoroughbred Breeders' Association sent a letter to its members on Dec. 31, informing them that the breeder award rate will be cut from 20 percent down to 18 percent. The reduction will begin with the start of the Evangeline Downs race meeting on April 6, according to the Blood Horse.
Secretary-treasurer Roger Heitzmann III attributed the need for reductions to a decrease in revenue as well as the program's overall success. The revenue decrease is tied to declining handle across the state, as well as less slots and video poker play. At the same time, more breeders have participated in the breeder award program and better horses have become competitive in open races across the country.
Heitzmann continued: “The board will continue to work hard to ensure the incentives we have, and strive to improve the future for the Louisiana Thoroughbred breeders. We continue to have, and intend to keep, one of, if not the, most comprehensive breeders' award programs in the country.”
Read more at the Blood Horse.
New to the Paulick Report? Click here to sign up for our daily email newsletter to keep up on this and other stories happening in the Thoroughbred industry.
Copyright © 2019 Paulick Report.