Monday, January 30, 2012

100% OWNER’S BONUS BACK AT COLONIAL DOWNS FOR 2012

Once again, registered Virginia-bred or Virginia-sired horses running in open competition and finishing first through fifth, will receive a 100% bonus from the Virginia Breeders Fund.  The “100% Virginia-bred” program now pays the highest percentage in the country.

The 100% bonus increases the purse for Colonial Downs’ $24,000 open maiden race to $48,000 for registered Virginia-bred or Virginia-sired horses.  In 2010, the bonus paid just 60% for first through fourth.

“The 100% bonus continues to create a great deal of buzz and helped generate full fields in 2011, so we were delighted to bring it back,” said VTA Executive Director Glenn Petty.  “The economic situation we have been facing the past few years caused wagering declines that made it difficult to fully fund the program, but the shorter race meet and a steady increase in advanced deposit wagering the past few years allows us to bring this popular program back once again.”

The Breeder’s Fund will also provide a 25% purse supplement for all Virginia-bred restricted races, other than stakes races.  For example, a $5,000 claiming race normally offers a purse of $8,600.  The Virginia-bred 25% supplement increases that to $9,850.  

The number of Virginia-bred/sired restricted overnight races offered has yet to be determined, but horsemen and breeders expect fewer than in the past.

“The 100% bonus has always been a deterrent to filling Va-bred restricted races,” Petty said.  “When we combine that with an ever-declining population of horses, it gets tougher every year.”

Like, 2011, a 10% Breeders Award will also be paid during the meet.  The breeders of the horses that win the 100% owners bonus will receive a payment equaling 10% of each bonus won.

In addition the Breeders Fund and the Virginia H.B.P.A’s purse account will fund six stakes races restricted to Virginia-bred and Virginia-sired horses. 

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