Six US racing commissions put workers’ compensation on the owner-licence path, and the rest of the country says nothing about it. Washington, New York, Arizona, California, New Jersey and Oklahoma are the six. Washington is the one that costs money on day one: every owner licence applicant pays a Horsemen’s Labor and Industries subsidy scaled…
Commonwealth Thoroughbreds’ SEC filing authorizes three fees: a sourcing fee of up to 15% of a horse’s purchase price, a training management fee of 10% of the money reserved for training, and a fee of 10% of net winnings that rises to 20% once cumulative distributions to unit holders equal what the series raised. Not…
MyRacehorse organizational and experiential fee: up to 12.50% of gross proceeds, and all nine series in its Dec 2025 SEC filing charge the full 12.50%.
A 5% share of a US racehorse’s keep runs roughly $90 to $340 a month — about $1,100 to $4,100 a year — and that is keep only, with no purchase price and no operator fee in it. A 10% share doubles those numbers and a 25% share multiplies them by five. The range is…
A racehorse owner license costs between $0 and $150 in the 13 US racing states whose commissions publish a readable fee, from Virginia’s $0 permit to $150 a year in California and Kentucky. That range is narrower than it looks and less useful than it sounds, because five of those 13 states sell the license…
There is no national rule for who in a racing partnership has to hold a state owner license. New York licenses every partner on a horse with 35 or fewer owners. Pennsylvania, Indiana, Virginia, Maryland and Texas draw the line at a 5 percent interest. Kentucky, Florida and Illinois do not publish a threshold on…