Maryland was the first state to develop a legislated incentive program to encourage the improvement of Thoroughbred breeding and racing. The Maryland Fund was created by the General Assembly in 1962.
DISCLAIMER: The information pertaining to the Maryland Bred Fund program is correct through March 15, 2020, but with dramatic economic challenges facing the Thoroughbred industry since that time the Maryland Racing Commission with review and evaluate the program when racing in Maryland returns.
Restricted Stakes Races:
For registered Maryland-breds. The stakes program is planned on a meet-by-meet basis and is based on projected track handles for the coming year.
Maryland Pride Day
A full card for Maryland-bred and/or Maryland-sired* horses, featuring stakes races, maiden special weight races, and “A Other Than” allowance races.
*Preference to horses 1) Maryland-bred 2) Maryland-sired
In Maryland, there are six categories through which monies for Maryland-breds are made available:
1) purse money for races for registered Maryland-breds;
2) awards for owners of registered Maryland-breds finishing first, second or third;
3) awards for breeders of registered Maryland-breds finishing first, second or third;
4) awards for stallions who sire registered Maryland-breds finishing first, second or third;
5) bonus awards for the highest-earning 2 and 3-year-olds shown at the annual MHBA yearling show and
6) an allocation for purses for Maryland-sired horses.
Currently, the Maryland Fund receives slightly less than 1 percent of the total mutuel handle and breakage from Laurel and Pimlico (the state’s two major tracks), and receives approximately 1.5 percent of the mutuel handle and 5.0 percent of the breakage at Timonium (the state’s only minor track).
The Maryland Fund program is administered by the Maryland Racing Commission with the assistance and advice of the Maryland Fund Advisory Committee chaired by David Hayden, a member of the Maryland Racing Commission. Under the direction of the commission, the actual implementation of the fund, including maintaining the Maryland-bred registry and computing and distributing all bonus awards, is performed by the MHBA.
Breeder and stallion award percentages are determined on a bi-annual basis on the advice of the Maryland Fund Advisory Committee. Owner award percentages are determined by a separate agreement.