Recount  Illinois Thoroughbred Breeders and Owners Foundation
Illinois Thoroughbred Breeder's Fund Program
DISTRIBUTION OF BREEDER'S AWARDS BY THE ITBOF

HAWTHORNE SPRING MEET 2017

FAIRMOUNT PARK 2017

ARLINGTON PARK 2017

HAWTHORNE FALL MEET 2017

JUNE 2017

NOVEMBER 2017

NOVEMBER 2017

FEBRUARY 2018

WHO IS ELIGIBLE TO EARN BREEDER'S AWARDS?

A Breeder's Award is earned when an IL Registered Thoroughbred wins any race in the State of Illinois. In order to receive a Breeder's Award, a W-9 form must be on file with the ITBOF.

w9 form



WHAT IS THE AMOUNT OF BREEDER'S AWARDS THAT I EARN?

The owner's share of the Breeder's Award is 11.5% of the winner's share of the base purse. The WINNER'S SHARE of any race in Illinois is normally 60% of the purse. The BASE PURSE is the amount put up by the purse account and does not include any funds added by the Illinois Thoroughbred Breeders Fund, horsemen, Breeder's Cup, etc.

WHAT RACES ARE ELIGIBLE TO EARN BREEDER'S AWARDS?

Open Races - In an open race, the entire Breeder's Award (11.5% of the winner's share of the base purse) goes to the breeder of the winning horse (the winner's share in an open race may also include part of an OWNER"S AWARD, if earned, paid from the purse account).
As an example, we will say that the base purse of an open allowance race is $22,000. The base purse times 60% equals the winner's share. The winner's share times 11.5% equals the Breeder's Award.
Base Purse
X Winner's Share (60%) =
X 11.5% = Award
$22,000
$13,200
$ 1,518
Illinois Races - In a race restricted to Illinois Registered horses, the Breeder's Award (11.5% of the winner's share of the base purse) is divided among the first four place finishers. The winner gets 60% of the Award; second, 20%; third, 15%; and fourth, 5%.
Again, as an example, we will use an allowance race, this time restricted to Illinois Registered horses. The base purse of this race is $20,000. The base purse times 60% equals the winner's share. The winner's share times 11.5% equals the Breeder's Award.
Base Purse
X Winner's Share (60%) =
X 11.5% = Award
$20,000
$12,000
$ 1,380
The Breeder's Award in a restricted race is divided among the first four place finishers using the percentages as follows:
Breeder's Award
X 60% To the Winner =
X 20% To Second =
X 15% To Third =
X 5% to Fourth =
$1,380
$   828
$   276
$   207
$     69


WHO PAYS BREEDER'S AWARDS?

THE RACING ASSOCIATION WHOSE RACING MEET HAS CONCLUDED.  THE RACING ASSOCIATION HAS 30 DAYS FROM THE CONCLUSION OF THEIR RACE MEET TO PAY THE BREEDER'S AWARDS TO THE ITBOF.

ILGA RULE REGARDING BREEDER'S AWARD
PAYMENTS TO THE ITBOF

"Upon completion of its racing meet, each organization licensee shall deliver to the organization representing thoroughbred breeders and owners whose representative serves on the Illinois Thoroughbred Breeder's Fund Advisory Board a listing of all the Illinois foaled and the Illinois conceived and foaled horses which won breeder's awards and the amount of such breeder's awards under this subsection to verify accuracy of payments and assure proper distribution of breeder's awards in accordance with the provisions of this Act. Such payments shall be delivered by the organization licensee within 30 days of the end of each race meeting."

For further info, visit http://ilga.gov/legislation/ilcs/documents/023000050K30.htm

ILLINOIS RACING BOARD REGULATION REGARDING DISTRIBUTION OF PURSES

"If no positive laboratory report has been issued to the stewards or the Board within 60 days after the date of a race, the owner of a horse shall become legally entitled to the money in the purse and it shall be conclusively presumed that the conditions precedent to such entitlement have been met. Provided, however, positive laboratory reports issued more than 60 days after the date of a race may be considered by the stewards or the Board as evidence of a rule violation under Sections 603.50, 603.60, or 603.70."

For further info, visit http://ilga.gov/commission/jcar/admincode/011/011006030001400R.html

   

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