Florida Thoroughbred Industry Unites to Preserve Racing Legacy

OCALA, FL-Leadership representing Florida’s five principal thoroughbred industry organizations gathered in Ocala recently for a collaborative summit.The purpose was to unite the thoroughbred industry to help preserve and promote our Florida racing and breeding legacy by providing a clear and concise message to our elected officials at the local, state and national level to support our interests.

The organizations represented included leadership from the Florida Horsemen’s Benevolent and Protective Association, Florida Thoroughbred Breeders’ and Owners’ association, Ocala Breeders’ Sales Company, tampa Bay Downs Horsemen’s Benevolent and Protective Association and the Thoroughbred Racing Initiative.

Key Points of Consensus

Through constructive dialog, the assembled leadership identified several key points of consensus to guide the industry in the months ahead.

Opposition to Decoupling

Leadership confirmed opposition to decoupling efforts pursued by Gulfstream Park and Tampa Bay downs during the 2025 Legislative Session,including severance of live racing from revenue-sharing agreements and any dramatic reduction in live racing days. This unified stance signals a strong commitment to maintaining the integrity of Florida’s racing schedule and the economic benefits it provides.

Florida Statutes, Chapter 550

The group agreed that Florida Statutes, Chapter 550-the statute governing pari-mutuel wagering-requires modernization to reflect the current landscape of the industry. Specifically,they aim to address issues related to the allocation of revenue and ensure a fair and equitable system for all stakeholders.

Support for Breeding Industry

recognizing the vital role of the breeding industry, the organizations pledged to advocate for policies that support and strengthen Florida’s breeding programs. This includes exploring opportunities for increased funding and incentives to attract and retain breeders within the state.

Industry Priorities Moving Forward

The summit participants outlined several key priorities for the coming months, focusing on proactive engagement with legislators and a unified message.

• Legislative Advocacy: A coordinated lobbying effort will be launched to educate lawmakers on the importance of the thoroughbred industry to Florida’s economy and culture.
• Public Awareness: The organizations will work together to raise public awareness of the industry’s contributions and the challenges it faces.
• Continued Collaboration: Regular meetings and open interaction will be maintained to ensure a cohesive and effective approach to industry issues.

FAQ

Q: What is decoupling and why is it opposed?

A: Decoupling refers to the separation of live horse racing from othre forms of gambling, such as cardrooms. Industry leaders oppose decoupling because it threatens the viability of live racing in Florida, potentially leading to fewer racing days and a decline in the breeding industry.

Q: What changes are being sought in Florida Statutes, chapter 550?

A: The industry seeks modernization of Chapter 550 to ensure a fair allocation of revenue and address current industry realities.

Key Takeaways

• The Florida thoroughbred industry is united in its opposition to decoupling.
• modernization of Florida Statutes, Chapter 550, is a key priority.
• supporting the breeding industry is crucial for the long-term health of the Florida thoroughbred industry.
• Proactive legislative advocacy and public awareness are essential for success.

This collaborative summit marks a significant step towards a more unified and effective thoroughbred industry in Florida.By working together and presenting a clear message to elected officials, these organizations aim to preserve and promote Florida’s rich racing and breeding legacy for generations to come. The industry will continue to monitor legislative developments and adapt its strategies as needed to ensure a thriving future for thoroughbred racing and breeding in the Sunshine State.