NJ taxpayers subsidize Meadowlands

[stanetelman]

If there was any question regarding the beneficial impact of the state’s five-year, $100 million bailout for New Jersey’s horse racing industry, which was approved by the Legislature and signed by Gov. Phil Murphy in 2019, one needs only to look at Friday’s entries at The Meadowlands.
Friday’s 14-race card at the Big M features 12 first-round divisions of New Jersey Sire Stakes action for 2-year-old trotters and pacers, with a total of 93 horses entered in those events. It is the most horses entered in the opening round of the NJSS for 2-year-olds since 2007 when the names of 104 horses were dropped in the entry box.
"Everything is on the upswing and that would not have happened without the taxpayers bailing us out,  whether they know it or not,” Standardbred Breeders & Owners Association officer Mike Klau said.

Klau recently talked with New Jersey State Assembly Speaker Craig Coughlin about the impact of the taxpayer funded subsidies and the importance of it being continued.

“The point I made to the Speaker is that all this doesn’t happen without the bailout,” said Klau, who is the SBOANJ second vice president as well as chairman of the Breeder Committee and syndication manager at Southwind Farms.

[Generation XYZ]

If there was any question regarding the beneficial impact of the state’s five-year, $100 million bailout for New Jersey’s horse racing industry, which was approved by the Legislature and signed by Gov. Phil Murphy in 2019, one needs only to look at Friday’s entries at The Meadowlands.
Friday’s 14-race card at the Big M features 12 first-round divisions of New Jersey Sire Stakes action for 2-year-old trotters and pacers, with a total of 93 horses entered in those events. It is the most horses entered in the opening round of the NJSS for 2-year-olds since 2007 when the names of 104 horses were dropped in the entry box.
"Everything is on the upswing and that would not have happened without the taxpayers bailing us out,  whether they know it or not,” Standardbred Breeders & Owners Association officer Mike Klau said.

Klau recently talked with New Jersey State Assembly Speaker Craig Coughlin about the impact of the taxpayer funded subsidies and the importance of it being continued.

“The point I made to the Speaker is that all this doesn’t happen without the bailout,” said Klau, who is the SBOANJ second vice president as well as chairman of the Breeder Committee and syndication manager at Southwind Farms.

Hmmm and the permeant track is run by Gural, who seeks bailouts everywhere he goes.  Maybe its time for different ownership/ management at these tracks. NJ and NY taxpayers should be mad as hell.

[The Exporter]

I am no fan of corporate welfare but, this is one project that appears to have met it's objective. Unlike the mass $180 million + per year give-a-way in New York. 

[dougie]

While i'm not a big supporter of tax dollar "giveaways", i have little doubt that both NY and NJ waste tons of money every year on things the general public knows very little about. I love both the trotters and the runners, so if the states are going to help these tracks "stay afloat", i'm all for it.

[Gaagoots]

I’m surprised usually they’re giving the NJ taxpayers money to the niglets in Newark!

[wiseowl]

if you jerks do not like the way the Meadowlands is run buy him out since you can't please shut the fuck up all you MAGA jerks hate to see any one get a helping hand except the very rich like Trump put the country Seven Trillion dollars in debt in his term worth 4 year term in the history of the U.S.A. oh but he will make every thing wonderful like he told every one he would balance the debt all Maga are jerks and dreamers.

[onabrake]

if you jerks do not like the way the Meadowlands is run buy him out since you can't please shut the fuck up all you MAGA jerks hate to see any one get a helping hand except the very rich like Trump put the country Seven Trillion dollars in debt in his term worth 4 year term in the history of the U.S.A. oh but he will make every thing wonderful like he told every one he would balance the debt all Maga are jerks and dreamers.

Now that is an 88 "word", run on sentence, without a single apostrophe. Wonder if you held you breath while pounding the keyboard. Might one suggest a GED to go along with your grammar skill set.

[old guy]

if you jerks do not like the way the Meadowlands is run buy him out since you can't please shut the fuck up all you MAGA jerks hate to see any one get a helping hand except the very rich like Trump put the country Seven Trillion dollars in debt in his term worth 4 year term in the history of the U.S.A. oh but he will make every thing wonderful like he told every one he would balance the debt all Maga are jerks and dreamers.

You go Norma Rae

[Generation XYZ]

if you jerks do not like the way the Meadowlands is run buy him out since you can't please shut the fuck up all you MAGA jerks hate to see any one get a helping hand except the very rich like Trump put the country Seven Trillion dollars in debt in his term worth 4 year term in the history of the U.S.A. oh but he will make every thing wonderful like he told every one he would balance the debt all Maga are jerks and dreamers.

Isn't Gural a Billionaire to???

[mwins]

20 million a year. How much tax revenue does the horse racing industry provide? 

[pocketrocketwinner]

How much money are they making on the sports betting? Of course, that revenue doesn't count, money is needed from taxpayers to fund amatuer races

[stanetelman]

Now that is an 88 "word", run on sentence, without a single apostrophe. Wonder if you held you breath while pounding the keyboard. Might one suggest a GED to go along with your grammar skill set.

 

[Generation XYZ]

Tax Payers shouldn't be penalized for these subsidies. When legislation could be written to allocate funds from the sports book. That would be to easy, why upset the apple cart to from the casino coffers when its easier to tax the public. Fucking disgraceful.

[stanetelman]

The Standardbred Breeders and Owners Association of New Jersey is thrilled to announce the full restoration of the $20 million horse racing purse supplement in the newly adopted FY2026 state budget—a major win for harness racing and the entire equine industry in New Jersey.
"This is a massive win for harness racing in New Jersey,” said Mark Ford, president of the SBOANJ.
The purse subsidy has proven to be a strategic lifeline, allowing New Jersey to compete with neighboring states that heavily subsidize racing through casino revenues. It supports a stronger stakes program, a more robust breeding industry, and helps position New Jersey as a premier destination to breed, train, and race horses.
The SBOANJ extends its sincere thanks to the Governor and members of the New Jersey Legislature for their continued use  of taxpayer dollars to subsidize the racing industry.
"This money keeps our dying industry going,” added Ford. “We’re grateful—and we’re just getting started.”

[Harness racer]

I’m surprised usually they’re giving the NJ taxpayers money to the niglets in Newark!

You and your fellow idiots finally come up for air?  Or was there too much chafing?