Millions Unused in This State Fund Intended to Benefit Thoroughbred Racing

30/9/2021 Horse Racing Tips and Best Bets – WaverleyA recent audit of the Gaming Commission’s monitoring of gamblers listed on gaming exclusion lists found no deficiencies, but Auditor Suzanne Bump said the agency could do a better job of collaborating with the Legislature and other organizations to address the horse racing industry here, including the use of casino revenues to support racing.

The 2011 law that legalized casino gambling in Massachusetts carved out a portion of gaming revenues to flow into a Race Horse Development Fund (RHDF) that is meant to support each side of the horse racing world — the standardbreds that run at Plainridge Park Racecourse in Plainville and the thoroughbreds that used to run at Suffolk Downs. But with thoroughbred racing gone from the Bay State and the state’s casinos raking in record amounts of revenue, the statutory restrictions on the fund have led to a $20 million pot that largely cannot be spent as intended. …

“While MGC has done a noteworthy job managing the state’s emerging gaming industry, our audit makes clear the Commission should bring all relevant stakeholders to the table to consider the Race Horse Development Fund’s most effective use,” Bump said. “This consultation and collaborative effort would enhance oversight of the fund, and would benefit breeders, owners, and the industry as a whole.”

As of the end of August, the fund had a balance of more than…

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About Editor

Rich Nilsen is a 19-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 of the NHC twice. A former executive with Brisnet.com and a member of the NHC Players’ Committee, 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.

Comments

  1. Hi Rich,

    Thanks for bringing this to our attention. For us Bostonian’s, then we have a chance to see live racing again in Mass!?! Some chance is better than no chance.

    We have some of the biggest owners in the country right here, why not a boutique meet between Weston and Worcester in late spring? There are more than a few plots of land in that area that owners are selling that would fit the need.

    I went to Suffolk for probably 2, if not 3 decades, but they never catered to the family experience. Would love to have a place nearby to take my kids to.

    Cheers,
    Maz Derby

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