The Maryland Racing Commission approved a plan on Tuesday to slow outgoing monies from the Maryland-bred fund through the end of the year, The Racing Biz reports.
The Commission approved plans to reduce the purses of Maryland’s seven remaining state-bred stakes to $50,000, and eliminate the 10 percent Maryland-sired bonus for Maryland-breds who finish in the money at a track in the state. The reductions are expected to save the fund roughly $700,000.