• Your First Racehorse
• Planning Ahead
• Selecting Your Team
• Purchase Options
• Business Issues
  • Business Entities
  • Insurance Concerns
  • Licensing
• Costs of Ownership
• Entering Races
• Vet & Farrier Care
• Conformation
• Pedigrees
• Thoroughbred Retirement

Licensing

In order to race a Thoroughbred you must possess a valid owner's license from the state in which you wish to race. In many states, each member of a partnership or syndicate must be licensed. Licenses can be issued by state racing commissions or the National Racing Compact. The National Racing Compact is an independent, interstate governmental entity, composed of pari-mutuel racing regulators from participating states that can issue a national license which will be recognized by all participating states and other states that may elect to recognize the license.