Why do you want to own a NM Bred ?
Incentive Awards Fund
Incentive Checks are in addition to:
- Added money on NM Bred overnight races
- Added money on NM Bred stakes races
- 20% Bonus to NM Breds In Open Races
- 10% Track Breeders Awards
Incentive Awards
The Association distributes incentive award monies for the racing seasons ending at the conclusion of the New Mexico State Fair, in accordance with laws and regulation enacted by the New Mexico State Legislature and the New Mexico State Racing Commission. Awards are calculated based on the amount received throughout the year, and checks are sent out in late November.
Legislation passed in 2023 by the State of New Mexico that changed the Incentive Award Distribution percentages to the following:
- 45% – Breeders
- 35% – Owners
- 12% – Stallion Owners
- 8% – Administrative Fees
Owners
Awarded for 1st, 2nd or 3rd place finish
Breeders
Awarded for 1st, 2nd, 3rd place finish.
Prior to 6/14/2019, breeders are awarded for 1st place finish onlyStallion Owners
Awarded for 1st place finish
- 2024 Award Distribution
- 2023 Award Distribution
- 2022 Award Distribution
- 2021 Award Distribution
- 2020 Award Distribution
- 2019 Award Distribution Part A
- 2019 Award Distribution Part B
- 2018 Award Distribution
- 2017 Award Distribution
- 2016 Award Distribution
- 2015 Award Distribution
- 2014 Award Distribution
- 2013 Award Distribution
- 2012 Award Distribution
- 2011 Award Distribution
- 2010 Award Distribution
- 2009 Award Distribution
- 2008 Award Distribution
- 2007 Award Distribution
- 2006 Award Distribution
- 2005 Award Distribution
- 2004 Award Distribution
- 2003 Award Distribution
- 2002 Award Distribution
- 2001 Award Distribution
- 2000 Award Distribution
- 1999 Award Distribution
- 1998 Award Distribution
- 1997 Award Distribution
- 1996 Award Distribution
- 1995 Award Distribution
- 1994 Award Distribution
- 1993 Award Distribution
- 1992 Award Distribution
- 1991 Award Distribution
- 1990 Award Distribution
- 1989 Award Distribution
- 1988 Award Distribution
- 1987 Award Distribution
- 1986 Award Distribution
- 1985 Award Distribution
- 1984 Award Distribution
NM Stakes Fund (Breakage Fund)
Legislation passed in 1992 by the State of New Mexico provides that 50% of the breakage on pari-mutuels at New Mexico race tracks be allocated to enhance the race purses of established STAKES RACES that include only horses registered as New Mexico bred. Breakage is defined as the odd cents of all redistributions to the wagerer over the next lowest multiple of ten from the gross amount wagered through the pari-mutuel system. The Association receives breakage from race tracks and distributes the funds to enhance New Mexico Bred stakes race purses at the tracks from which the breakage was earned.
10% Track Breeders Awards
Each racetrack in the State of New Mexico is required to pay a 10% track breeders award to any New Mexico bred horse that wins a race. 10% of the winning purse provided by the racetrack is paid to the breeder of record. 10% of added monies by the race track in stakes races is paid by the track to the breeder of record. Any monies added to a purse by an organization other than the racetrack is not included in the 10% track breeder awards. The track breeder award sheets are sent to the New Mexico Horse Breeders offices for completion of addresses and social security numbers as well as verification of the New Mexico bred status of each winning horse.
Open Overnight Awards
This program will permit a New Mexico Bred horse entering an open overnight race and finishing 1st, 2nd or 3rd to receive a 20% increase of the original purse. Incentive money will be distributed as follows:
First Place
will get 63% of the incentive money and the original first place purse.
Second Place
will get 24% of the incentive money and the original second place purse.
Third Place
will get 13% of the incentive money plus the original third place purse.
Money will be wired on a bi-weekly basis and this schedule may be adjusted if necessary. All undistributed incentive money will be carried over to the next meet, if applicable.
This program will be monitored by the New Mexico Horse Breeders Association and track management to ensure that this is beneficial to the New Mexico Bred Program. Reports on this program will be given at the monthly Commission meetings and any changes to the program must be approved by the Racing Commission.
Unclaimed Ticket Fund
Legislation passed in April, 1993 by the State of New Mexico provides that 33.34% of the unclaimed pari-mutuel tickets from each race meeting will be used to enhance each track’s OVERNIGHT PURSES for races restricted to New Mexico bred horses. Funds are transmitted sixty days after the conclusion of each racing meet. THESE FUNDS GO BACK TO THE TRACK FROM WHICH THEY WERE RECEIVED.
Gaming Purse Fund
Rules were adopted by the New Mexico Racing Commission in February 1999 in accordance with the laws enacted by the New Mexico State Legislature to allow twenty percent of the net take from gaming at the racetracks to go to purses. Of that 20%, the New Mexico Horsemen’s Association distributes 80.7% of the fund to the existing purse structure. The remaining 19.3% is distributed to the NMHBA Gaming Purse Fund. The NMHBA gaming purse fund is divided evenly between the Incentive Award fund, NM Stakes Fund (breakage) and the Overnight purse fund (unclaimed tickets). The New Mexico Stakes Fund and Overnight purse fund is distributed back to the racetrack where the funds were generated.