New Jersey Senate Okays $100 Million Subsidy Plan For Horse Racing

by | 12.18.2018 | 12:33pm

A plan to subsidize the New Jersey horse racing industry took a step forward Monday with the state Senate voting 40-0 to appropriate $20 million a year for the next five years to bolster racing at Monmouth Park, the Meadowlands and Freehold Raceway.

The funding includes $10 million a year for purses at Monmouth Park and $6 million in purses for the Meadowlands.

The bill passed by the Senate still needs to be approved by the state House. It's expected to be considered by the House early next year.

Former New Jersey Governor Chris Christie ended subsidies to the racing industry seven years ago, but his successor, Phil Murphy, has supported the legislation approved by the Senate Monday.

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