Maryland's Jockey Club, Thoroughbred Horsemen's Association and Horse Breeders Association have reached a 10-year agreement for both Pimlico and Laurel race tracks.
The agreement will insure stability in what has been an unstable business.
The 2013 season will be a guaranteed 146 days of live racing, and at least 100 days per year for the remainder of the contract. There is a possibility for more days of racing beyond the 100, which is welcome news to the industry.
The deal also calls for Pimlico and Laurel Park to remain open for year-round racing, training and stabling for the balance of the contract. Pimlico and Laurel would maintain a minimum of 1,900 stalls.
Members of the racing industry hope this contract is a game changer. Horse farms in jeopardy could now be saved.