Thoroughbred Ownership

Thoroughbred racing passed more than $1 billion in total purses in 1999 major changes continue due to slots, simulcasting and increased handle.

The $1 billion paid in purses largely was provided by bettors through a percentage of the betting handle. The handle in North America reached a record $13.7- billion in 1999

Thoroughbred ownership is now a financially viable prospect.

While the purses have more than doubled since the early 90's, the number of races has declined over 10% in that time, improving the average purse per race and the average earnings per runner.

This increase in purses has created a unique environment for owning racehorses. The rising purses has made thoroughbred ownership a better proposition today than any time in history.

Thoroughbred ownership is still a rough game. Only a small percentage of runners cover the training costs for their owners. Most owners get involved in racing for the love of racehorse ownership and of racing with a secondary goal of a chance to make money.

The ability to make money is there, perhaps a bit more possible as a result of the increase in purses. One good horse can make it all worth while, financially and for the enjoyment of the sport.

Thoroughbred Ownership And Breeders Association Serving the Thoroughbred Industry for over 40 years. TOBA's mission is to improve the economics, integrity and pleasure of the sport on behalf of Thoroughbred owners and breeders.