A. Allocation. The funds generated by harness racing through pari-mutuel wagering shall be allocated according to the following schedule:
- 1. 15% may be set aside for payment to the breeders of Virginia-bred Standardbred horses that win races at horse racing facilities licensed by the commission;
- 2. 10% may be set aside for payment to the owners or lessees of Virginia Standardbred stallions that sire Virginia-bred Standardbred horses that win races at horse racing facilities licensed by the commission; and
3. 75% may be paid to supplement purses according to the following provisions:
- a. Not less than 75% may be set aside to develop a stakes program for Virginia-bred Standardbred horses; and
- b. Any remaining amounts shall be set aside and may be paid to the owner or owners of a Virginia-bred Standardbred horse each time the horse wins or earns purse money in a nonrestricted race at a horse racing facility licensed by the commission.
- B. Restriction. During the first five calendar years of live pari-mutuel harness racing in the Commonwealth, payment of stallion owner and breeder awards shall be limited to an amount not exceeding 20% of that horse's nonmaiden nonsupplemented first-place purse used in the calculation and 40% of that horse's maiden nonsupplemented first-place purse used in the calculation.
- C. Restricted races. The racing secretary at each unlimited race meeting licensed by the commission shall include on the condition sheet at least one race each day restricted to Virginia-bred Standardbred horses and the race shall be run if six separate betting interests are entered. If there is not a sufficient number of registered Virginia-bred horses entered to fill the race, then the racing secretary may substitute another race.
Statutory Authority
§ 59.1-369 of the Code of Virginia.
Historical Notes
Derived from VR662-04-04 § 4.1, eff. January 27, 1993; amended, Virginia Register Volume 14, Issue 7, eff. January 22, 1998; Volume 17, Issue 4, eff. October 16, 2000; Volume 19, Issue 3, eff. September 27, 2002.