New Jersey Horsemen Reach Agreement
Updated: Friday, April 19, 2002 6:14 PM
Posted: Friday, April 19, 2002 3:52 PM
An agreement was reached Friday in New Jersey between Thoroughbred and harness horsemen over racing dates, simulcasting revenue splits, and purses.
A three-year agreement was reached on live racing dates for the two racetracks operated by the New Jersey Sports and Exposition Authority --Meadowlands and Monmouth Park.
This year, Monmouth will run a 63-day Thoroughbred meet from May 11 through Sept. 1. Meadowlands will run 63 days of Thoroughbred racing, from Sept. 2 through Nov. 23. Meadowlands will run 168 harness dates.
The latest agreement spells out simulcast splits between Thoroughbred and harness horsemen. The split depends on where the wager is placed and which breed is hosting a live race meeting.
As for purses, litigation over simulcast contributions was resolved with Thoroughbred interests receiving $3.3 million for 2002 pots. Purses at Monmouth will increase $2,370,000, and at Meadowlands $630,000. Also, harness purses for Freehold and Meadowlands are expected to increase by $2 million.
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