- Published: Monday, 01 April 2013 19:18
The Maryland Thoroughbred Horsemen’s Association Board of Directors recently approved a new program titled the Maryland Purse Protection and Retirement Program. This new program is was created to provide an ongoing mechanism to fund Thoroughbred retirement initiatives, and to help preserve and promote Maryland racing by funding the Thoroughbred Horsemen’s Political Action Committee (PAC).
The MTHA has designed the program to uniquely address Maryland horsemen calls to fund equine aftercare programs, while incorporating the best attributes from similar programs across the country.
The specifics of the program include an optional $10 deduction from owner’s Horsemen’s Account for each horse that starts a race in Maryland. The $10 deduction will be specifically allocated for the funding of Thoroughbred retirement programs ($6) and the Thoroughbred Horsemen’s PAC ($4).
To offset this deduction for starters finishing beyond sixth place, Bonus Awards for participants will receive a $10 increase to $110 total.
The Maryland Purse Protection and Retirement Program will begin April 4th, opening day of the 2013 Pimlico meet.
The MTHA will distribute funds from the program to equine retirement facilities based in Maryland. An application and screening process is currently being developed for non-profits seeking funding from this program. Details will be made available within a few months time.
Owners may opt-out of this program by filling out a form available in the Maryland Thoroughbred Horsemen’s Association Racetrack Office any live race day between 9 AM and 4 PM or call the MTHA office at 410-902-6842.