$100M to New Jersey horse tracks? You bet

Months after New Jersey instituted sports betting, in part with the promise of reviving its horse racing industry, the Legislature is moving to provide $100 million in state funding to those tracks to increase the purses paid to race winners.

A bill recently approved in a 40-0 vote in the Senate proposes sending $20 million a year for five years, starting in 2019, to the New Jersey Racing Commission for purse subsidies. It now awaits a vote in the Assembly Tourism, Gaming and the Arts Committee, which meets on Jan. 17.

A.J. Sabath, a lobbyist for the Standardbred Breeders and Owners of New Jersey, said sports betting parlors have helped the Monmouth Park and Meadowlands tracks but that a little extra adrenaline is needed.

“The theory was at the time that if there’s sports betting at the race tracks that that will trickle down and help support horse racing. And so this is a little added insurance that that will occur,” Sabath said…

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About Editor

Rich Nilsen is a 17-time qualifier to the National Horseplayers Championship (NHC), an event he has cashed in four times. He was the first player to finish in the top 10 twice. He cashed on the 2018 NHC Tour with a 19th overall finish. Rich was also a winner of a $24,000 package into Kentucky Derby Betting Championship I. A former executive with Brisnet.com, Rich is a graduate of the University of Louisville Equine Business Program and is founder of AGameofSkill.com, a site devoted to horse racing education and promotion.

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