Horse Racing Comp Costs Increasing 10% to Cover Funding Shortfall

Per-start fees will increase 10% to cover a funding shortfall for the program that provides workers’ compensation coverage to the state’s horse racing industry, Thoroughbred Owners of California announced Friday. “The unfortunate reduction in live racing together with statewide increases in workers' compensation costs have created a funding shortfall for the horse industry’s workers' compensation program covering jockeys and backstretch workers that is operated by Post Time Self Insurance,” Thoroughbred Owners of California said in a statement. “As ...