Thoroughbred racing is at a pivotal moment, facing challenges that could reshape its future, particularly in Florida. The Thoroughbred Racing Initiative was established to promote the sustainability and integrity of live horse racing, ensuring that it remains a thriving industry that supports thousands of individuals and businesses.
A key concern for the industry is the potential impact of Florida’s HB 105/SB 408, a bill that would remove the requirement for a Thoroughbred racetrack to conduct live racing while maintaining a gaming license. Historically, racing and breeding have been closely tied to legislative frameworks that protect and enhance the industry. The potential consequences of decoupling could extend beyond Florida, affecting horsemen, breeders, and racing enthusiasts across the country.
For decades, Thoroughbred racing and breeding have played a crucial role in Florida’s economy and cultural identity. The state is home to world-class breeding programs, premier training facilities, and some of the most historic racetracks in the country. The industry’s economic contributions are substantial, generating $3.24 billion annually and supporting over 33,500 jobs. The uncertainty created by proposed changes to racing regulations has already raised concerns among breeders, owners, and trainers, potentially influencing decisions that shape the future of the sport.
Thoroughbred Racing Initiative’s mission is to ensure that the public, policymakers, and industry stakeholders fully understand the impact of proposed changes. By providing resources, research, and industry insights, we seek to foster informed discussions that highlight the benefits of a strong, sustainable racing industry. The interconnected nature of Thoroughbred breeding, racing, and economic stability means that decisions made in Florida will have nationwide consequences, affecting jobs, investment, and the sport’s long-term viability.
The history of racing has shown that when the industry works in partnership with communities and legislators, the sport thrives. Racing jurisdictions that maintain strong industry relationships have experienced continued success, proving that sustainable policies can support both economic growth and the welfare of the horses and professionals who dedicate their lives to the sport. By educating the public and industry professionals on these issues, we aim to ensure that Thoroughbred racing remains a respected and valued tradition.
Now is the time for everyone who values the legacy and future of Thoroughbred racing to come together, share knowledge, and advocate for policies that support the industry’s continued success. The Thoroughbred Racing Initiative remains dedicated to fostering education, awareness, and collaboration to ensure that Thoroughbred racing continues to be a source of economic opportunity, cultural heritage, and community engagement for generations to come.