HorseRacing
Maryland's Thoroughbred Racing Enters a New Era of Collaboration and Innovation
2024-11-15
In a landmark move, the Maryland Thoroughbred Racetrack Operating Authority (MTROA) has announced the approval of the state's Thoroughbred racing calendar for 2025, marking a significant shift in the industry's landscape. This calendar, the first under the new leadership and organizational structure, aims to preserve and enhance the historic and economically vibrant sport of Thoroughbred racing in Maryland.

Charting a Sustainable Course for Maryland's Thoroughbred Racing

A Streamlined and Optimized Racing Calendar

The 2025 calendar features a total of 127 racing days, with 114 days at Laurel Park, 6 days at Pimlico Race Course, and 7 days at the Maryland State Fairground in Timonium. This streamlined schedule, developed in coordination with the Maryland Thoroughbred Horsemen's Association (MTHA) and the Maryland Breeders Association, is designed to create an enhanced Thoroughbred racing product that caters to the needs of the industry and its enthusiasts.

The Final Preakness Stakes at Pimlico

The 2025 calendar marks a significant milestone, as it includes the 150th running of the Preakness Stakes at Pimlico Race Course, which will be the final edition of the iconic event at the historic venue. This decision paves the way for a forward-looking rebuild and redevelopment of the Park Heights property, with the aim of improving racing facilities and boosting the economic benefits for the surrounding community.

Collaborative Efforts for a Vibrant Future

The approval of the 2025 calendar is the result of a collaborative effort among all stakeholders, including the MTROA, the MTHA, and the Maryland Breeders Association. This unity of purpose and shared vision for the industry's future has been hailed as a crucial step in positioning Thoroughbred racing for long-term success in Maryland.

Embracing Change and Innovation

The 2025 calendar also reflects the industry's commitment to adapting to the rapidly evolving landscape. The decision to suspend racing at Laurel Park during the summer months, when Colonial Downs in Virginia will hold scheduled racing days, is a strategic move aimed at optimizing the racing product and creating a more sustainable model for the industry.

Investing in Maryland's Equine Industry

The Maryland Thoroughbred racing industry is also developing a plan for breeder incentives to be offered during the summer months when there is no live racing at Laurel Park. This initiative, supported by the MTROA, demonstrates the industry's dedication to supporting the state's breeders and fostering the growth of the entire equine ecosystem.

A New Era of Governance and Management

The establishment of the MTROA in 2023 has been a pivotal step in the industry's transformation. The Authority, composed of appointees from the governor, legislative leaders, and representatives from various industry organizations, is overseeing the rebuild of the Pimlico Race Course and managing the transition of the Maryland Jockey Club Inc. into a new non-profit organization that will manage and operate Thoroughbred horseracing in Maryland.

The Economic Significance of Maryland's Equine Industry

Maryland's equine industry, which accounts for 25% of the state's agricultural base, roughly 28,000 jobs, and $3 billion in total economic impact, is a vital component of the state's economy. The strategic decisions and collaborative efforts surrounding the 2025 racing calendar aim to ensure the long-term sustainability and growth of this crucial industry.As the Maryland Thoroughbred racing industry embarks on this new era, the approval of the 2025 calendar marks a significant milestone in the preservation and enhancement of a historic and economically vibrant sport. With a focus on collaboration, innovation, and a commitment to the industry's stakeholders, the future of Thoroughbred racing in Maryland looks brighter than ever.
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