Earnings
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 usually the day after a race.
Trainer and jockey commissions vary based on trainer and placing.
ZRS receives a 5% commission on gross earnings for 1st through 3rd place, and 4th through 5th place in a stake race.
ZRS also receives 5% on any other revenue stream, such as but not limited to any stallion/breeding revenue or any sale on a horse above its original purchase/claim price.
New York-bred Incentive Program
The New York-bred incentive program offers significantly higher rewards for foals by New York-based sires.
For horses competing in open company, owners are eligible to receive a 20% bonus on purse money earned for first through third place with a New York-sired horse. A non-New York-sired horse is eligible in open company for a 10% bonus if it finishes first through third.
Expenses
Typically, training expenses in NY average $40-50,000 per year. ZRS invoices monthly, replicating the way a traditional owner gets billed. A partner can expect to pay about $40-50.00 each month for each 1% of ownership. We ask for one-month of expenses up-front, which is held in reserve and refunded at the end of the partnership.
ZRS bills each partner a flat $10 per month for administrative/accounting work, and approximately $2 for each percent owned to cover our operating/overhead expenses.
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.
Check Request
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.
