The Ohio Standardbred Development Fund was created in 1975. It receives taxes paid on wagers at harness tracks. Beginning in 2013, a portion of the tax on casinos paid to the OSRC became another funding source.
The commission authorizes disbursements from the fund after three OSDF Committee members, Chairman Richard McClelland, George Berlin and Senena Esty, hold hearings on program conditions and annual racing dates.
In 2020, eight $300,000 Ohio Sires Stakes Championships and eight $75,000 consolations will be held for 2- and 3-year-olds, along with four $85,000 Veteran Championships for Ohio-bred horses 4-years-old and up.
Tracks add at least 16.67%, or a minimum of $5,000 to purses for each race. Purses are also comprised of money allocated by the OSDF that includes Video Lottery Terminal (VLT) revenue provided by horsemen; revenue from the tax on pari-mutuel wagering; and nominating and starting fees paid by horsemen. All legs of the Ohio Sires Stakes for 2-year-olds & 3-year-olds in 2020 have a minimum purse of $40,000 and a maximum purse of $60,000.
Overall, the majority of OSDF monies are allocated to Ohio Sires Stakes. A portion of the fund is used for administration and to promote the breeding and racing of harness horses. The fund also makes a $100,000 donation for equine-related research to The Ohio State University School of Veterinary Medicine. Ohio-eligible horses are defined as those sired by a stallion registered with the OSRC who stood in Ohio the year the horse was conceived.
For information about the OSDF, contact Kimberly Rinker at 614-779-0269 or at email@example.com
Ohio State Racing Commission 77 South High Street, 18th Floor, Columbus, Ohio 43215 614-466-2757