MyRacehorse Commits to Donating 10% of May Proceeds to Backstretch Workers
MyRacehorse is committed to doing its part in taking care of backstretch workers, who are feeling the negative impacts stemming from Covid-19. In support of our racing community co-stars, we will be donating 10% of all MyRacehorse proceeds derived in the month of May to three awe-inspiring charities; Backside Learning Center (Kentucky), Backstretch Employee Service Team (New York) and the Edwin J. Gregson Foundation (California).
Unlike many sports who have multiple revenue streams, racing derives the vast majority of its revenue through purse money and the handle, or the amount of wagering by the public. With racing halted in most jurisdictions, both of these sources have now dried up. However, our horses still need to be fed, exercised, and cared for by those working and living on the backstretch. The industry is lobbying hard for federal funding to support the owners, trainers, and backstretch workers, but this will surely take time. There have also been recent positive developments in many jurisdictions in regards to a potential return to racing in the upcoming weeks.
These are the industry workers that make our sport possible, and their families who rely on them to provide, are now in urgent need of food, healthcare, and other essentials. In reaction to these overwhelming distresses, we have teamed up with three incredible organizations that with funding, will aid to these pressing urgencies.