Revised Split Announcement
We are pleased to report that the Massachusetts Gaming Commission unanimously approved to revise the percentage distribution from the RHDF to 92% for overnight purses, 75% for Breeders purses, and 50% for Health and Welfare Benefits.
Regarding overnight purses, 92% is allocated to the Standardbreds; 8% is allocated to the Thoroughbreds; the percentage distribution had been 70% to the Standardbreds and 30% to the Thoroughbreds.
Regarding the Massachusetts Breeders, 75% is allocated to the Standardbreds and 25% to the Thoroughbreds; the percentage distribution had been 70% to the Standardbreds and 30% to the Thoroughbreds.
Regarding Health and Pension, the distribution was voted to be split 50% each to the two breeds. It was previously 40% to the Standardbreds and 60% to the Thoroughbreds.
We would like to take this opportunity to thank our representative, Peter Goldberg for the work done on receiving the favorable percentage and the efforts of the Directors of the HHANE and SOM for providing the data that supported our position that was provided to the Horse Racing Commission.