The New York State Thoroughbred Breeding and Development Fund

What The New York State Thoroughbred Breeding and Development Fund does

The New York State Thoroughbred Breeding and Development Fund is a New York State public benefit corporation headquartered at 28 Clinton St., 2nd Floor, Saratoga Springs, that administers monetary incentive programs to promote responsible breeding of quality Thoroughbred racehorses and preserve New York farmland. Its core functions include registering foals, stallions, and mares; tracking mare movements; and disbursing breeder awards (30% of purse for NY-bred/NY-sired winners, plus 15% for second/third), stallion owner awards (10% of purse up to $10,000 per race), and owner awards (20% up to $20,000). The Fund operates a web-based registration system (nybreds.tjcis.com) launched in 2017 with e-signature capability, maintains an online stallion and registration status portal, and runs stakes programs including the New York Stallion Stakes Series and the cross-border Empire–Trillium Series.

The Fund is funded through state allocations tied to video lottery terminal and racing-related revenue rather than commercial fees; registration fees are nominal ($50 for weanlings before year-end, $150-$300 for yearlings) and the organization disburses more than $15 million annually in awards and incentives to breeders, stallion owners, and owners. Its customers are NY-based Thoroughbred breeders, stallion owners, horse owners, and accredited aftercare organizations, all served through distribution channels at NYRA racetracks (Belmont, Saratoga, Aqueduct), the Fasig-Tipton New York-Bred Yearlings Sale at the Humphrey S. Finney Sales Pavilion, and partner organizations including NYTB and NYTHA.

The Fund's governance is provided by a Board of Directors under the oversight of the NYS Gaming Commission; executive leadership comprises Tracy Egan (Executive Director), Adam Lawrence (Registrar), Kim Kurtzner (Comptroller), and Amanda Roberts (Field Inspector). Strategic alliances include a core partnership with the New York Racing Association (NYRA) on stakes and the New York-Sired Bonus program, a 2024 partnership with Horse Racing Ireland for international collaboration, and a 2026 cross-border Empire–Trillium Series with Woodbine Entertainment in Toronto.

Name

The New York State Thoroughbred Breeding and Development Fund

Legal name

New York State Thoroughbred Breeding & Development Fund Corporation

Website

https://nybreds.com

Company type

Private

Operating status

Operating

Headcount range

51–100 employees

Short description

The New York State Thoroughbred Breeding and Development Fund is a state public benefit corporation that administers monetary incentives and registration programs to promote Thoroughbred breeding in New York, serving breeders, stallion owners, horse owners, and aftercare organizations through NYRA racetracks and industry partners.

Ownership category

akta.pro rank

Product category

Thoroughbred Breeding Incentives

NAICS

Horses and Other Equine Production (112920)

SIC

Agricultural Prod-Livestock & Animal Specialties (200)

akta.pro primary industry

Sport/Show Horse Training & Performance Programs (AFAEAGAF)

akta.pro secondary industry

Racehorse Ownership, Syndication & Investment Platforms (MPAEADAG)

Keywords

• Thoroughbred breeding incentives
• Horse registration services
• Breeder award programs
• Stallion stakes racing
• Equine industry development

Headquarters

HQ city

Saratoga Springs

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Others, Personnel, Operations, Technology or R&D, Marketing or Sales

Pricing tiers

Distribution channels4 records

Marketing channels5 records

Core offering

The Fund is a New York State public benefit corporation that administers monetary incentives intended to promote responsible breeding of quality Thoroughbred racehorses and preserve New York farmland. It registers foals and stallions, tracks mare residency and breeding records, and distributes performance-based awards to breeders, stallion owners, and horse owners. It also operates or supports nominated stakes programs for New York-bred and New York-sired horses.

Product overview

The NYS Thoroughbred Breeding & Development Fund operates as a state government incentive program promoting responsible breeding of quality Thoroughbred racehorses. The organization administers a comprehensive suite of registration services for foals, stallions, and mares, manages monetary award programs (breeder awards, stallion awards, owner awards), and runs stakes race series including the Empire-Trillium Series and New York Stallion Stakes Series. The Fund supports the NY-bred program through online registration systems, mare movement tracking, and partnership programs with NYRA and Woodbine Entertainment. Key products include the Online Registration System with e-signature capability, NY-Bred Awards Program, New York Stallion Stakes Series ($500,000 purse finales), Empire-Trillium Series ($3.2 million cross-border stakes), New York-Sired Bonus Program ($5,000 additional awards), and Futurity Series Nominations.

Differentiator

Problem solved

Functional benefit

Products and services

• Online Registration System Web-based registration service for breeders to register foals and stallions, manage horse registrations electronically, and use e-signatures on foal-registration applications.
• NY-Bred Awards Program Monetary incentive program for breeders, stallion owners, and owners of New York-bred horses that compete in New York races; award payments are made at 90% with a 10% holdback.
• New York Stallion Stakes Series Nominated stakes-racing program for New York-sired horses, including the Empire Stallion Stakes, with $500,000 purses for the finale divisions.
• Futurity Series Nominations Nomination service through which owners can nominate horses for participation in the Futurity Stakes series and future stakes competition.
• New York-Sired Bonus Program NYRA-funded incentive providing an additional $5,000 to owners of winning New York-sired New York-bred horses in specified race conditions.
• Empire–Trillium Series Cross-border stakes program with NYRA and Woodbine Entertainment featuring 14 stakes races, $3.2 million in total purses, and eligibility for New York- and Canada-foaled horses.

Quantifiable outcome

• NY-bred Mind Your Biscuits earned $4,279,566 – the most ever for a NY-bred
• +3 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core and minor.

• Woodbine EntertainmentcoreStrategic or Co-development Partner · 31 October 2024Cross-border stakes partnership for the Empire-Trillium Series featuring 14 stakes races with $3.2 million in total purses. The series allows NY-breds to compete at Woodbine Racetrack in Toronto alongside Belmont Park events, creating a new international racing circuit for NY-sired horses.
• New York Racing Association, Inc. (NYRA)coreStrategic or Co-development Partner · 31 October 2024Primary racing partner for NY-bred stakes races; co-developer of Empire-Trillium Series; administrator of NY-Sired Bonus program providing additional $5,000 to winning owners of NY-sired NY-breds; partnership with Saratoga Springs for Belmont Stakes Racing Festival.
• Horse Racing IrelandminorStrategic or Co-development Partner · 31 October 2024International partnership for knowledge sharing and potential future collaboration between Irish and NY breeding programs.
• New York Thoroughbred Horsemen's Association (NYTHA)coreStrategic or Co-development Partner · 1 January 2021Co-creator of annual New York Thoroughbred Aftercare Day event; jointly funds aftercare initiatives; supports TAKE2 and TAKE THE LEAD programs for retired racehorse career transitions.
• New York Thoroughbred Breeders, Inc. (NYTB)coreStrategic or Co-development PartnerState membership organization for NY breeders; co-hosts annual awards ceremony; partners on industry events and advocacy; joint supporter of Thoroughbred aftercare initiatives.
• NY Thoroughbred Horsemen's Association (NYTHA)coreGTM or Marketing PartnerCollaborated on NY-Sired Bonus program design and implementation; represented by President Joe Appelbaum in supporting incentive initiatives.
• Saratoga Springs City GovernmentminorGTM or Marketing PartnerCity-NYRA partnership for Belmont Stakes Racing Festival hosting; included 'Belmont on Broadway' events and Fox Sports coverage of 35+ hours of racing programming.

Scale indicators16 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• The Jockey Club: Industry registry for Thoroughbred breeding and racing in North America; the Fund integrates with Jockey Club records to validate foal and stallion registrations — comparable as a Thoroughbred industry infrastructure provider.
• New York Thoroughbred Breeders, Inc. (NYTB): NY-based membership organization for Thoroughbred breeders, co-hosting the annual awards ceremony with the Fund — comparable as a NY Thoroughbred breeding industry stakeholder.
• New York Racing Association (NYRA): Operator of New York's three major Thoroughbred racetracks (Belmont, Saratoga, Aqueduct) and core distribution partner for the Fund's incentive payouts — comparable as a major NY Thoroughbred racing stakeholder.
• Woodbine Entertainment: Operator of Woodbine Racetrack in Toronto and partner in the Empire-Trillium Series — comparable as a North American Thoroughbred racing operator with cross-border stakes programming.

Direct peers

• Maryland Horse Breeders Association: Maryland-based industry organization administering breeder incentive programs for Maryland-bred Thoroughbreds — comparable as a state-level Thoroughbred breeding development organization.
• Kentucky Horse Racing Commission: State regulatory body administering Kentucky's Thoroughbred breeding incentive programs, including the Kentucky Thoroughbred Breeders' Incentive Fund — directly comparable as a state-administered breeding development fund.
• Louisiana Thoroughbred Breeders Association: Louisiana-based Thoroughbred breeders' organization administering the state's breeder awards program for Louisiana-breds — comparable state-level breeding incentive entity.
• Pennsylvania Horse Racing Commission: State-administered regulator that operates Pennsylvania's breeding development fund with breeder and stallion awards — directly comparable to NY Fund as a state-chartered breeding incentive program.
• Florida Thoroughbred Breeders' and Owners' Association: State-level Thoroughbred breeders' organization administering Florida's breeding incentive programs and awards for Florida-bred horses — directly comparable in mission and structure.

Regional players

• Horse Racing Ireland: Ireland's national authority for Thoroughbred horse racing and breeding, with 2024 partnership agreement with the Fund for knowledge sharing — comparable as a state-level Thoroughbred breeding regulatory authority in a different geography.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/NYBREDS1
• YouTubeyoutube.com/user/NYBreds
• Facebookfacebook.com/NYBREDS

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The New York State Thoroughbred Breeding and Development Fund