What are the ongoing expenses of owning a racehorse?
It costs approximately $4,000 a month to have a horse in training for a race that tends to occur once a month barring injury or a few months for a periodic rejuvenation during which time the cost is generally under $1,000 a month. You pay your percentage of expenses based on our monthly invoices that show the total expense for the item and your share using your ownership percentage. Typical monthly expenses include:
$3,000 Training – A trainer feeds, houses, exercises and regularly watches the progress
$250-$500 Veterinarian – Costs vary in each case and often increase closer to race days
$350 Management Fee – A fee charged to help defray administrative expenses
$100-$200 Miscellaneous – Shoeing, race day costs, etc.
That computes to about $400/month per 10% of ownership, and of course is reduced by any winnings you receive. In any month when winnings exceed expenses you may request that a check be sent to you at any time.