Michigan Administrative Code › Department - Treasury › Michigan Gaming Control Board › Horse Racing General Rules › Part 4 - STANDARDBRED RACING › Section R. 431.4150 - Stakes and futurities

Current through Vol. 24-12, July 15, 2024
Rule 4150.
(1) An
				  association presenting stakes and futurities shall, in addition to meeting
				  United States Trotting Association notification requirements, set the
				  nominating date and the dates for all sustaining payments on the fifteenth day
				  of the month. There shall be no payments on yearlings, except for a nomination
				  payment, which shall be due not later than August 15. Before taking any
				  sustaining payment during the year the race is to be held, the date and place
				  of the race shall be stated. A stake or futurity sustaining fee on 2-year-olds
				  is not due before March 15, and for all other ages before February 15, of any
				  year. There shall be no conditions that call for payments in stakes or
				  futurities to become due after August 15 and before February 15 of the
				  following year. No more than 1 sustaining payment of 2-year-olds in stakes and
				  futurities that do not have a 2-year-old division is permitted. No more than 2
				  sustaining payments on any horse of any age in any calendar year, with the
				  exception of the starting fee, shall be approved. The date for closing of
				  nominations of yearlings to stakes shall be July 15.
(2) An association shall, where date
				  schedules permit, advertise the week and place the stake or futurity will be
				  held before taking nominations.
(3)
				  An estimated purse shall not be advertised or published in excess of the actual
				  purse paid or distributed during the previous year, unless increased by
				  guaranteed added money. A stake or futurity shall not be raced for less than
				  75% of the average estimated purse.
(4) Conditions shall not be written so as to
				  provide for a filly division of a race with less added money than the colt
				  division of a race, unless authorized by the executive director.
(5) Added money shall be not less than 30% of
				  the purse. If a stake or futurity is split into divisions, the added money for
				  each division shall be not less than 20% of all nomination, sustaining, and
				  starting fees paid into the stake or futurity.
(6) Failure to make any payment required by
				  the conditions constitutes an automatic withdrawal from the race.
(7) If a mare nominated to a futurity fails
				  to have a live foal, the nominator may substitute a foal if the conditions so
				  provide.
(8) A deduction, voluntary
				  or involuntary, shall not be made from any purse or stake or futurity, except
				  that, if the conditions specifically so provide, reasonable deductions may be
				  made for clerical, printing, postage, and surety bond expenses specifically
				  related to the purse, stake, or futurity.
(9) Unless otherwise specified in the
				  conditions of a stake or futurity, the money division shall be as follows:
(a) Five or more starters:
				  50-25-12-8-5%.
(b) Four starters
				  only: 50-25-15-10%.
(c) Three
				  starters only: 60-30-10%.
(d) Two
				  starters only: 65-35%.