Postime
03-04-2008, 05:03 PM
Purse subsidy deal announced in New Jersey
Tuesday, March 04, 2008 - by Paul Ramlow, USTA Internet News Editor
“No text or photographs displayed on this page, other than those produced by USTA staffers, may be copied, retransmitted, reposted, duplicated or otherwise used without the expressed, written consent of the person(s) to whom the photo or text is attributed.”Columbus, OH --- The Asbury Park Press is reporting that an agreement to renew New Jersey horse racing purse subsidies from the Atlantic City casinos was announced on Monday night.
The agreement, announced by Gov. Jon Corzine, would restrain racing officials from seeking the addition of video lottery terminals at the tracks for the next three years, thereby protecting the casinos from in-state competition.
Casinos have agreed to provide $90 million over three years to the horse racing industry, largely to supplement racing purses but also to support equine breeding. The casinos provided $86 million to the horse racing industry over the last four years.
Further details will be provided when they are made available.
Tuesday, March 04, 2008 - by Paul Ramlow, USTA Internet News Editor
“No text or photographs displayed on this page, other than those produced by USTA staffers, may be copied, retransmitted, reposted, duplicated or otherwise used without the expressed, written consent of the person(s) to whom the photo or text is attributed.”Columbus, OH --- The Asbury Park Press is reporting that an agreement to renew New Jersey horse racing purse subsidies from the Atlantic City casinos was announced on Monday night.
The agreement, announced by Gov. Jon Corzine, would restrain racing officials from seeking the addition of video lottery terminals at the tracks for the next three years, thereby protecting the casinos from in-state competition.
Casinos have agreed to provide $90 million over three years to the horse racing industry, largely to supplement racing purses but also to support equine breeding. The casinos provided $86 million to the horse racing industry over the last four years.
Further details will be provided when they are made available.