- Published: Friday, 31 December 2021 12:23
The MTHA Board of Directors has approved an initiative designed to increase funding for the Beyond The Wire aftercare program.
Effective the midde of January, pending some programing changes with the inCompass Bookkeping system, and with the blessing of the Maryland Racing Commission, there is an assessment of 1.5% on the price of a claimed horse at Maryland racetracks. For example, the new owner or ownership group that claims a horse for $10,000 would pay a $150 assessment that would be used to support racehorses accepted by Beyond The Wire.
The program is similar to one in New York, where in 2019 the New York THA and NYRA instituted a mandatory 1.5% aftercare assessment on claimed horses.
The Maryland program is “opt out,” meaning the 1.5% assessment will be charged unless an owner or ownership group signs an opt-out form that will be available in the MTHA office in the Laurel Park grandstand.