Subscribe To Our Newsletter!
.svg){kind=small}
MTHA launches trainer commission deduction program
In advance of a resumption of live racing, the Maryland Thoroughbred Horsemen’s Association has worked with the Maryland Jockey Club to develop a system that will allow trainers access to the standard commission from purses in a more timely manner.
The MTHA Board of Directors unanimously voted to implement the program, which permits the automatic deduction by the Horsemen’s Bookkeeper of the standard 10% gross commission for trainers from all starters that finish first, second or third in all overnight and stakes races after purses are released. The hope is that the program, similar to the one by which jockeys are paid, helps get money to trainers more expeditiously, especially during this difficult economic period.
Latest Posts
At its September 9 open Board meeting, the Maryland Thoroughbred Horsemen’s Association (MTHA) Board of Directors voted unanimously to increase the purse allocation for finishers from 6th place through last in overnight races. The payout, which had been fixed at $300 since April 2022, will now rise to $500, effective immediately.
Maryland horsemen have emerged as meaningful beneficiaries of the collaborative dual-state stakes schedule and new bonus incentives, according to statistics covering the period from June 21 through August 23 of this year.
