The Florida Thoroughbred breeding and racing industry is a significant contributor to the state’s economy, providing 33,500 jobs and $3.24 billion in annual economic impact. Legislation, House Bill 105 and Senate Bill 408, threatens to devastate the industry by potentially allowing a foreign owner to build a casino and hotel at the expense of live racing, which could lead to the loss of thousands of jobs and millions of dollars in revenue.

The Thoroughbred Racing Initiative has been formed to oppose the decoupling legislation and educate lawmakers on the importance of the industry to Florida. The legislation could have a significant impact on the state’s agricultural industry, as well as the demand for Florida-bred Thoroughbreds, with Gulfstream Park being a key player in the industry.

Gulfstream Park, owned by Frank Stronach, has been at the center of the debate, as the current owners seek to exit the racing business while retaining gaming licenses acquired with the help of the Thoroughbred industry. The legislation could have far-reaching consequences for the industry, including the potential loss of jobs, revenue, and the state’s reputation as a hub for Thoroughbred breeding and racing.