The New York State Thoroughbred Breeding and Development Fund was established by New York lawmakers in 1973. The Fund is a public benefit corporation that oversees the registration process for foals and stallions, and distributes incentives in the form of awards.
At the heart of the program is the more than $17 million that the Fund pays out annually in breeder, owner and stallion owner awards, and in purse enrichment to the state’s tracks.
The incentives provided by the Fund are financed from within the racing industry, using a small percentage of the total monies wagered through the pari-mutuel system on thoroughbred racing in New York State. The Fund also obtains revenue from a small percentage of Video Lottery Terminal (VLT) monies from the Resorts World Casino NY at Aqueduct, and from VLTs at Finger Lakes Race Track.
The New York State Thoroughbred Breeding and Development Fund maintains registries of New York-breds and participating New York-based stallions, establishes the criteria for entry into those registries, and ensures that both state statutes and Fund rules regarding eligibility for the registration of foals and stallions standing in the state are followed.
The Fund’s mission statement: “To promote by monetary incentives the responsible breeding of quality thoroughbred racehorses in keeping with the founding legislation to preserve New York’s irreplaceable farmland.”
Tracy Egan, Executive Director
New York State Thoroughbred Breeding & Development Fund Governance
John J. Poklemba − Fund Board Chairman
Richard A. Ball − Commissioner, NYS Dept. of Agriculture & Markets
Philip S. Birsh − Breeder
Jeffrey A. Cannizzo − Executive Director, NYTB, Inc.
John A. Crotty − Member, N.Y.S. Gaming Commission
John Graziano, Jr. − Breeder
Joseph G. McMahon − Breeder
Sen. Howard C. Nolan, Jr. − Breeder
William B. Wilmot, DVM − Breeder