The Blog
Short, specific answers to the questions new and experienced racehorse owners search for. Organized by category, searchable, and updated regularly. The four chapters are a guided introduction. The blog is the working reference.
An authorized agent in horse racing holds a separate racing-commission license — not the owner’s license, and not a power of attorney on its own — and 21 of the 32 US racing states print a dollar figure for it.…
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…
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…
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%…
Retail racehorse syndicates charge you in one of four ways: a percentage of the money they raise, a markup folded into the share price, a flat upfront fee, or a commission on purse earnings. Entry runs from about $40 to…
At the 2026 Keeneland September Yearling Sale, 30.67% of the yearlings offered in Book 2 failed to sell through the ring, against 15.50% in Book 5B, the cheapest book of the sale. Across the whole auction the ring not-sold rate…
A $50,000 budget reached 1,021 of the 2,856 yearlings sold through the ring at Keeneland September 2026 — 35.75 percent of the sale — and 973 of those 1,021, or 95.3 percent, sold in Books 4, 5A and 5B. Books…
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…
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…