New York State Thoroughbred Breeding & Development Corp.

The New York State Thoroughbred Breeding & Development Fund Corporation (the Fund) Board of Directors' unanimously approved a motion during its Dec. 12 meeting to increase the breeder award rates for all New York-breds, the organization announced Tuesday. The increase, which covers all New York breds competing in the state beginning Jan. 1, was approved by the Fund board due to projected revenue increases expected in the upcoming season. An increased hold-back rate from 10-15% will also be implemented to ensure the Fund can payout awards up to the new...