Purse Subsidy

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New Jersey Senate OKs Purse Subsidy

New Jersey Senate OKs Purse Subsidy

The New Jersey legislature has approved a deal whereby Atlantic City casinos will pay the horseracing and breeding industry $90 million over three years in return for a guarantee the tracks won't pursue video lottery terminals during the period.

Prospects for Maryland Purse Subsidy Seem Bright

Thoroughbred and Standardbred racing in Maryland probably will receive an infusion of about $4.5 million in the fiscal year beginning July 1 as the result of a recent flurry of activity in the General Assembly.

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