A futurity is a prize program for young horses, which awards purses made up of entry fees paid over a period of time by participants. Futurities are held to encourage the breeding and showing of American Saddlebred horses. Showing a foal in a futurity enhances his value and increases his earning potential; the value of the sire and dam may also be enhanced through the success of their progeny shown in futurities. Amateurs and juveniles, as well as professionals, have the opportunity to show young horses in futurities. The experience should be entertaining to both audience and participants, and should present the American Saddlebred at his best, providing an opportunity for fun, competition and good sportsmanship. In 2012, ASR Futurities awarded over $179,000 in prize money, which was distributed as follows: $55,278 in the Kentucky Futurity, $21,654 in the Kentucky Amateur Futurity and $103,061 in the National Three-Year-Old Futurity.