Lawmakers Try to Boost New Jersey Horseracing Industry with $100M in Subsidies

There’s bipartisan support in Trenton for a measure one critic decries as ‘an insult to the taxpayers of New Jersey’ Racing at Monmouth Park New Jersey lawmakers are looking to revive taxpayer-funded subsidies for the horseracing industry with legislation that would provide a total of $100 million over the …

But critics have labeled the proposed taxpayer-funded subsidy a “bailout” and are questioning how a state with perennial budget problems could afford to cover the annual payments that would be promised under the proposed legislation.

Horseracing has long been a part of New Jersey’s sports landscape, with Freehold Raceway and Monmouth Park both tracing their roots to the 1800s. Both tracks are still operating today, and the state’s other remaining horse track is in the Meadowlands, where races started being held in the 1970s.