SENATE PASSES BILL TO GIVE HORSE RACING $100M STATE SUBSIDY

[American Sniper]

TRENTON, NJ -- December 17, 2018 -- The state Senate on Monday passed a bill that would give a $20 million annual subsidy to New Jersey's horse racing industry, a measure that would restore state support that had been cut off years ago as former Gov. Chris Christie looked to shore up Atlantic City's casinos.

The legislation, NJ S2992 (18R), which passed the Senate, 40-0, comes just four months after New Jersey legalized sports betting at the racetracks after a years-long legal fight that ended at the U.S. Supreme Court. The measure has not yet been introduced in the Assembly.

Supporters of the bill say the subsidy, which would come from the state's general fund and be divided equally between the Thoroughbred and the Standardbred industries, would benefit not just racetracks but everyone involved in racing — from jockeys to those working on equine farms. The bill also requires agreements with sports book operators that ensure some of that revenue will be shared with the breeders and owners.

Sen. Richard Codey (D-Essex), a sponsor, said other states subsidize their horse racing industries and it is time New Jersey start doing so again. The state used to direct $30 million in annual casino revenue to the tracks, but that ended earlier this decade as Atlantic City gambling halls started to close.

"We are the only state in this country that has both casinos and racetracks, and the racetracks get no subsidy here in New Jersey. They get it in every other state," Codey said, adding that the measure would preserve working farms and bring the equine industry back to the "state of prominence they once had."

The measure would provide the annual subsidy for five years, starting this fiscal year, funneling the $100 million through the New Jersey Racing Commission and requiring the funds be used for purse subsidies and track operations. The money would benefit the Meadowlands Racetrack in East Rutherford, Monmouth Park Racetrack in Oceanport and Freehold Raceway.

Monmouth Park and Meadowlands both have sports books on site. Representatives for Freehold have said the track's operators are talking to potential sports betting partners.

Still, sponsors say there needs to be assurances the new windfall trickles down to the entire equine industry.

[buffalo believer]

Congrats to Mr Gural!  His hard work has finally started to pay off. 

[Bernie Madoff]

Congrats to Mr Gural!  His hard work has finally started to pay off.

 

[pickfourny]

Sen. Richard Codey (D-Essex), a sponsor, said other states subsidize their horse racing industries and it is time New Jersey start doing so again. "We are the only state in this country that has both casinos and racetracks, and the racetracks get no subsidy here in New Jersey. They get it in every other state," Codey said."

Does the "help us, help us" whine ever stop....translati on of the above; All the other states that have successful casinos provide welfare to the sick downtrodden racing industry, how come we aren't getting any?

While the game will always be in my blood, its voice of constant begging has gotten tired and old.  The end product presented to the consumer still remains awful, the crooks still thrive, and very few if any improvements have been seen over the last several decades.  As a gambling enterprise, no one cares about it, as evidenced by dwindling handle.  The fortunate few that do benefit, well they should count their lucky stars.           

[wiggles44]

Does the "help us, help us" whine ever stop....translati on of the above; All the other states that have successful casinos provide welfare to the sick downtrodden racing industry, how come we aren't getting any?

While the game will always be in my blood, its voice of constant begging has gotten tired and old.  The end product presented to the consumer still remains awful, the crooks still thrive, and very few if any improvements have been seen over the last several decades.  As a gambling enterprise, no one cares about it, as evidenced by dwindling handle.  The fortunate few that do benefit, well they should count their lucky stars.         

 

[harnesstimes]

 Sure hope there is a provision that ends the subsidy if the Meadowlands gets a casino

[Bacchus]

Another Dem gets elected and I have to work even longer for the Welfare handouts ingrates.

[spaheaven]

Codey's a bettor, can be occasionally seen in the meds vip room with his son betting gulfstream.

[harnobuff]

Congrats to Mr Gural!  His hard work has finally started to pay off.

Get real, folks.  Is this money a magic wand?  Look at the details.  Just like Trump's tax cut only made Steve Blow Jobs and Mark Fuckinberg richer, Jewffrey's money gift threatens to do the same.  Burke, Yimmy and Alagna get 80% of all the purse money at the Swamp.  I don't see any trainer from Yonkers (from those that are allowed to race) or Toronto uprooting their operation to come to the Swamp.  And if you're an owner (new or revived) interested in getting in or back in because of the purses, you are going to invest with the top guys.  The breeders go with the top guys.  Bottom line, the medium- to small-barns will face increased pressure to survive.  The rich get richer.  And fucks like John Campbell, Ray Remmen and Phat Phuck Phord the Phallacious Phraud continue to support this Nazi prick.  Until next time, sweeties......... ...HEIL HITLER!!

[boscoman]

                        It seems that Jeff Gural was a major force  in getting all of this new money for new jersey horse racing which leads me to ask the obvious question .  Is it possible that he's not all bad ?   Is it possible that there's some good inside of him ?

[Bernie Madoff]

                        It seems that Jeff Gural was a major force  in getting all of this new money for new jersey horse racing which leads me to ask the obvious question .  Is it possible that he's not all bad ?   Is it possible that there's some good inside of him ?

No.

[Hush Limbaugh II]

I guess the "I" in savoir was too much for Gooooofffffffffff fffffffrrrrrrrrrr rrrraaaaaaaaaaaaa allllllllllllllll l to handle.

So he cried, he wept, he pleaded POOR ME, and then was the SAVED. 

[PIGLAND]

atleast gural wants racing

[Hush Limbaugh II]

at least gural wants racing

RACING his way, not real racing. 

[harnobuff]

I guess the "I" in savoir was too much for Gooooofffffffffff fffffffrrrrrrrrrr rrrraaaaaaaaaaaaa allllllllllllllll l to handle.

So he cried, he wept, he pleaded POOR ME, and then was the SAVED.