California can't afford to let its horses get away
Posted: Sun Jan 31, 2016 11:59 am
Los Angeles Times article about the California breeding industry and the difficulties of being a regional market:
by John Cherwa
The numbers are startling, the reality is staggering.
If California's first-class horse racing tracks are to survive, they are in large part dependent on a third-place breeding program.
A track such as Santa Anita needs inventory, and if it didn't have California breds running, it probably would be racing only two days a week. Under that scenario, it wouldn't be long before the track would be turned into a residential or retail development. Or a sports stadium.
Doug Burge, president of the California Thoroughbred Breeders Assn., took up the challenge of figuring out a way to essentially bribe people to breed, buy and race here. "We have these carrots we put out there to give people a reason to breed in California," he said.
Among those are a $30-million program of incentives, awards and purses that go to California breds racing here. Part of that is the Golden State Series of 40 stakes races with at least $6 million in purses. It's funded by nomination fees and a fixed 0.5% takeout of all money wagered on the races.
Read more at http://www.latimes.com/sports/la-sp-hor ... story.html
by John Cherwa
The numbers are startling, the reality is staggering.
If California's first-class horse racing tracks are to survive, they are in large part dependent on a third-place breeding program.
A track such as Santa Anita needs inventory, and if it didn't have California breds running, it probably would be racing only two days a week. Under that scenario, it wouldn't be long before the track would be turned into a residential or retail development. Or a sports stadium.
Doug Burge, president of the California Thoroughbred Breeders Assn., took up the challenge of figuring out a way to essentially bribe people to breed, buy and race here. "We have these carrots we put out there to give people a reason to breed in California," he said.
Among those are a $30-million program of incentives, awards and purses that go to California breds racing here. Part of that is the Golden State Series of 40 stakes races with at least $6 million in purses. It's funded by nomination fees and a fixed 0.5% takeout of all money wagered on the races.
Read more at http://www.latimes.com/sports/la-sp-hor ... story.html