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The Virginia Breeders Fund is a financial incentive program to encourage
Thoroughbred breeding in the Commonwealth. It is funded by a
1% take-out
of all live and simulcast pari-mutuel wagering conducted in the
Commonwealth. Virginia Breeders Fund payments exceed $1 million
annually.
The daily activities and administrative functions are handled by the
VTA under the auspices of the Virginia Racing Commission.
The purpose of the Fund is:
- To recognize Virginia-breds through incentive awards.
- To promote breeding and further develop the Thoroughbred industry.
Only Thoroughbred horses and Thoroughbred stallions standing in Virginia that
are registered with the Virginia Breeders Fund are eligible to earn incentives
in the form of Breeder, Owner, or Stallion Owner Awards.
Virginia is the only state in the Mid-Atlantic region that pays breeders
awards for wins at every racetrack in the United States. Currently,
registered Virginia-bred and Virginia-sired horses are
eligible for a 100% bonus
in all open races held at Virginia's racetrack, Colonial
Downs. In addition, there are six Virginia-bred stakes races with various
conditions run on both turf and dirt with purses of $60,000.
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