The half-year review of Jamaica’s horse racing industry highlights the Jamaica Racing Commission’s (JRC) continued credibility in regulating the sport, despite relocating its main office to Portmore. Supreme Ventures Racing and Entertainment Ltd (SVREL), the promoter, faces challenges due to a shrinking and aging horse population, resulting in less competitive races and lower sales. The Thoroughbred Owners & Breeders Association (TOBA) remains in conflict with SVREL over purse increases, complicated by smaller race fields and weight rule inconsistencies that negatively impact betting turnover. Leadership changes have occurred with Phillip Azar taking over TOBA and Captain Marlon Brown leading the trainers’ association, signaling potential for improved cooperation with SVREL.
Financially, SVREL benefits from growing revenues through simulcast betting and exotic wagers, despite the overall decline in horse racing in the U.S., which affects the sport globally. Leading horses include Sensational Soul and Social Aviator, while champion trainer Jason DaCosta and owner Carlton Watson hold significant leads in their respective categories. The industry faces ongoing challenges but shows signs of stability and potential partnership improvements moving forward.