budget

The Horseracing Integrity and Safety Authority (HISA) has released its proposed budget for 2024, totaling $80.96 million, including $38.7 million earmarked for the Horseracing Integrity and Welfare Unit (HIWU), the drug testing arm of the federal program. The total fee assessments for the states and racetracks come out to $78.5 million, but available credits potentially bring that number down to $59.8 million. HISA's 2023 total budget was initially set at $72.5 million. That number was subsequently revised down to $66.4 million earlier this year. The proposed 2024 budget was issued...

The New York Racing Association (NYRA) and the state of New York asked the Supreme Court of New York Aug. 18 to dismiss a lawsuit filed by two residents that is attempting to block the $455 million state loan to NYRA that will renovate Belmont Park. In addition, both the state and NYRA want to quash a motion for preliminary injunction that the plaintiffs initiated back on June 22 to try to halt any state money for the project from flowing to NYRA. The Belmont renovation was approved back in...

Early last week, a bill landed on the doorsteps of the nation's state racing commissions containing their portion of the money needed to fund the Horseracing Integrity and Safety Act (HISA) remit for next year. The total $72,509,662 amount is broken down four main ways: $58,108,758 to run the anti-doping and medication control (ADMC) program overseen by the newly minted Horseracing Integrity and Welfare Unit (HIWU); $3,654,830 towards HISA's racetrack safety program, which initially went into effect on July 1 this year; $5,466,709 to continue building the technology needed to...