An unprecedented $2.1 million will fill the Florida-Bred Incentive Fund (FBIF) for overnight race conditions to start the new year, the Florida Thoroughbred Breeders' and Owners' Association (FTBOA), Gulfstream Park and the Florida Thoroughbred Horsemen's Association said in a combined release Wednesday.
Independently, the FTBOA revealed that an additional $1.3 million of Florida-bred race incentives on Gulfstream Park stakes and selected overnights to complement the expanded FBIF and longstanding Florida-Sire Sire Stakes 2-year-old series is on tap.
The combined programs, totaling $4.6 million, are substantially enabled by HB 7063, a 2023 Florida tax package directing more than $55 million into the Thoroughbred industry over two years.
In addition to the FBIF, the total pool of $5,000 bonuses for 2-year-old Florida Sire Stakes eligible winners in maiden special weights will triple to $300,000 from the $100,000 total bonus pool offered in prior years.
In overnight conditions, the FTBOA will boost maiden special weights, allowances and handicaps with $5,000 win bonuses for Florida-breds in open races and Florida Sire Stakes eligible winners in restricted races.
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