Annual Indiana Thoroughbred Alliance Auction
What is the Indiana Thoroughbred Alliance?
The Indiana Thoroughbred Alliance (ITA) is an organization working in this industry in the Indiana region. One of its major responsibilities is to foster the growth and advancement of the horse racing industry throughout the state through its ability to coordinate races, promote the annual stallion season auction and liaise with horse breeders, owners, trainers and associated personnel.
The ITA’s mandate is to promote and advance the long-term development of Thoroughbred horse racing in Indiana by awarding financial incentives and creating other products to encourage investment in Indiana bred horses and thus help support Indiana’s increased involvement in this industry.
Why Indiana?
The Indiana Thoroughbred Breed Development Program has standardized the purses ranging from $100,000- $250,000 for Indiana bred horses. Breeders get 20% of the purse- Horseshoe Indianapolis and 10% of the purse goes to owners of Indiana sired horses. The program provides funding for almost $21,000,000 every year.
Mare owners must register and the mares must also live in Indiana for at least 30 days after foaling to be eligible for incentives offered. A Mare Incentive Programme of Indiana rewards up to $ 2 000 on mares bought in foal at public sales. Eligible stallions must be registered by October 15, late entries are welcome at a fee from November 1. Some foal registration fees vary depending on the age of the foal.
Economic Impact of Horse Racing on the Indiana Economy
Currently there are 5 horse racing tracks operating in the state of Indiana, big business to the state since they yield $73 million in taxes. They have to pay the federal government $ 29 million as taxes and $ 45 million as state and local taxes. The industry directly pays or expenses the taxes and performs extra economic turnover through inducing indirect and induced impacts while benefiting different sectors and enhancing the state’s financial positions in Indiana.
Indiana Thoroughbred Alliance Ownership Group Members
Indiana Thoroughbred Alliance works with some of the biggest racing stables and contributes to Indiana’s Thoroughbred development. One such B&B Stables Stable is L.L.C managed by the Managing Partner Nate Brannin, and the Trainer Tianna Richardville. The second important participant is owning Ironhorse Racing Stable, one of the managers is Harlan Malter, and the trainer is Tim Glyshaw.
Michael Lauer Racing Stable with Managing Partner & Trainer Michael Lauer, is also an active participant in the horse racing activities of the state. Last of all, West Thoroughbreds owned and operated by Aaron West while also serving as a trainer contributes to the competitiveness of the state’s Indiana Thoroughbred industry. Those stables in addition to the Indiana Thoroughbred Alliance are key to the progress and viability of horse racing in Indiana.
Racehorse Ownership: Questions Answered
Last, some of the important stables include B&B Stables LLC, Ironhorse Racing Stable, LLC, Michael Lauer Racing Stable, and West Thoroughbreds help in the achievement of the Indiana Thoroughbred Alliance objectives. Together, they are able to collectively boost Indiana’s Thoroughbred industry and promote the breeding of Indiana-bred horses in an improved competitive nature. Their donation doesn’t only pilot the increase in horse racing in Indiana but also the financial benefits the entity would afford the growth of the Indiana economy not forgetting the increase of Indiana in the growing horse racing industry.