Lawmakers in the state of New Jersey are considering a bill to pump $100 million into the state's horse racing industry over the next five years, according to whyy.org. The New Jersey Racing Commission would be in charge of distributing $20 million annually, split evenly between the Thoroughbred and Standardbred industries.
On Monday, the bill was unanimously passed by the Senate Budget and Appropriations Committee.
An amendment has been added to force racetrack owners taking advantage of sports betting to come to an agreement with the local horsemen's associations, which was aimed at preventing horsemen from being shut out of sports wagering profits.
Read more at whyy.org.
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