As expected, purses won't be nearly as high as they were last year when Monmouth Park begins its 2011 meet May 14.
A bill that would shift $30 million from the Casino Redevelopment Authority to the horse racing industry over a three-year period progressed in the New Jersey legislature Jan. 10.
Two New Jersey lawmakers have taken a bipartisan approach in urging the governor to quickly form a committee to examine the state and future of the horse racing and breeding industry.
Issues surrounding a $90-million purse subsidy from Atlantic City casinos continue to plague the New Jersey horseracing industry.
New Jersey Gov. Jon Corzine signed legislation April 11 that allows a $90-million purse supplement for New Jersey racetracks to move forward. Now, the racing industry must decide how the money will be divvied up for purses at perhaps four racetracks.
Officials at Atlantic City Race Course said April 2 there are no plans to close the storied New Jersey track, which will continue to offer live Thoroughbred racing and longer meets if it receives a share of a $90-million purse supplement from the state's casinos.
Delays in a purse supplement or other forms of financial relief from the state have led New Jersey's harness racing industry to brace for serious purse reductions.
Under a plan being considered by the New Jersey legislature, the governor's office, and the New Jersey Sports and Exposition Authority, Thoroughbred and Standardbred purses could be supplemented by revenue from Atlantic City casinos, possibly this year.
The embattled racing industry in Maryland will receive $4.5 million--not $3 million as expected--from the state for Thoroughbred and Standardbred purses and breeders' funds. The money will become available July 1.
The expected $4.5-million purse supplement for Maryland racing has apparently shrunk to $3 million, according to Mike Hopkins, acting executive director of the Maryland Racing Commission.
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.
Leaders of Maryland's racing industry are scrambling to agree on a racing bill that could persuade the General Assembly to grant as much as $5 million for purses.
Just two days after he took office, New Jersey Gov. Jim McGreevey has announced he intends to freeze all discretionary spending by the state, which includes a $6-million appropriation for Thoroughbred and Standardbred purses.
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