HISA budget

The Federal Trade Commission (FTC) on Nov. 6 issued an order approving the Horseracing Integrity and Safety Authority's $80-million budget for 2025. The Authority's proposed 2025 budget garnered only three public comments after it was first submitted to the FTC on July 31 and subsequently published in the Federal Register. The public commentary period closed Sept. 12. According to the FTC's order, "Two of the comments were brief and did not address the Decisional criteria that the Commission must apply in determining whether to approve a proposed budget. A third,...

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...