The Texas Thoroughbred Association has announced two new incentive programs for buyers and sellers at its auctions. At the TTA's Texas 2-Year-Olds in Training and Horses of Racing Age Sale, a portion of funds derived from the passage of H.B. 2463 will be used to provide rebates of up to half of the $500 consignment fee for all horses entered in the sale who pass through the ring (not just Texas-breds).
Additionally, all sales graduates will be eligible for purse bonuses paid to owners of horses finishing in the top three at Texas tracks in 2020. The amount of the bonus payouts will be based on a percentage of purse earnings and will depend on the number of eligible horses hitting the board in Texas races. It will be administered similarly to the Accredited Texas-Bred Program with the money being paid out in January 2021 for all races through December 31, 2020.
“The goal of these new programs is to encourage horsemen to buy and sell their horses in Texas, and then to keep those horses racing in Texas to add to what already creates a significant impact on the state's agricultural and overall economy,” said Mary Ruyle, executive director of the TTA. “We've already seen more interest in Texas racing and breeding with the boosted purse structure at the current Sam Houston Race Park meet. We expect that to continue at Lone Star Park and Retama Park, and we believe these programs will only enhance that interest and participation.”
For more information about the sale, go to www.ttasales.com.
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