The finals for the 2008 Kentucky Sire Stakes have been increased to $300,000 per division, making the races the highest in the country in Sire Stakes competition. The increase was approved Monday by the Kentucky Horse Racing Authority, which determines the Sire Stakes purses annually each September.
Funding for the Sire Stakes program comes from the sales tax from the stud fees on stallions standing in the state. This year the eight divisional finals raced for $200,000 each; in previous years the finals had purses of $50,000 or $60,000. Each division in 2008 will have three preliminary legs with $50,000 purses each, with a minimum of $20,000 if multiple divisions are needed. “We’re excited about it and look forward to next year,” Jamie Haydon, the director of
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