Each state is different, but at NYRA the purse distribution is allocated in the following way:
- 55 percent of the total purse to the winner
- 20 percent to second place
- 12 percent to third place
- 6 percent to fourth place
- 4 percent to fifth place
- 3 percent divided among the remaining runners
ZRS will post a fully detailed purse earnings credit to each partner’s account shortly after the close of each month.
Typically, a horse training in NY average $40-50,000 per year. ZRS invoices expenses monthly. This replicates the way a traditional owner is billed. A partner can expect to pay about $40-50.00 (varies by each trainers day rate) each month for each 1% of ownership. We ask for one-month of expenses due up-front which is held in reserve and refunded at the partnerships end.
All of our billing is done through Horsebills.com.
Eveything is paperless and payments can be easily made online via credit card or eCheck/ACH. Invoices can be downloaded to PDF and printed. Checks can be mailed to us as well.
Below is a sample of an actual invoice.
Partners may request a check at anytime for any credit balance on their account once credit memos/invoices have been distributed for a particular period.