We have received several calls related to the timing of purse checks for the Sire Stakes’ winners. As a significant part of the funding for these programs comes from the MI Ag Equine Development Fund we are waiting on the state to release those dollars before we are able to cut checks.
The MI Ag Equine Fund both collects state tax revenue on wagers and pays for programming in the same fiscal year. As such, those funds will be released after all tax revenue and expenses are reconciled at the fiscal year- end (Sept 30th).
This is also true for the upcoming Breeders Stakes and Great Lakes Stakes programs set to run next month.
Thank you for your understanding,