As you are likely aware, in 2019 Texas lawmakers created the Horse Industry Escrow Account (HIEA). The funds in that account are being used to strengthen racing purses in Texas and to grow the entire horse industry in our state.
Now as a result of that legislation, owners of Texas-sired ATB horses placing 1, 2 or 3 in OPEN Company races in Texas are eligible for a new bonus! Awards were calculated at 8% of purse money earned, and checks are in the mail for racing at the 2021 Sam Houston Race Park Thoroughbred Meet.
Our state leaders chose to reinvest dollars being spent by Texas horse-related businesses back into the horse industry with the creation of the Horse Industry Escrow Account. By doing so, they recognized the tremendous value that the horse and agriculture economy have in our state, and the importance of the deep heritage of this industry.