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Southwind farms announced today they are closing in 2028, citing the bleak future of the meadowlands
CBS 2 NYC, NBC 4, FOX 5 NY, ABC EYEWITNESS NEWS NYC, WPIX NEWS, TELEMUNDO, 1010 WINS. Just last week, not including the clips of both Edita and I on the Today show last Wednesday. Not including the online social media shares of those news reports. Tens of millions heard me. Group exploded last week. Same 20 anonymous cowards here talking to each other. I had major media #1 news market in the world last week than the entire harness racing industry has had in ten years combined. Unless of course you count the federal indictment drugging stories.
They're pleased to announce the 10 mil a year was reinstated in a final hour begfest taking another 10 mil each to harness and tbreds in taxpayer money. Bravoooo! Like the SBOANJ President said in his plea for free money, without those funds would jeopardize the already in peril harness industry in NJ. THRIVING! Meadowlands 2026 two days a week championship meet. Decreasing handles with some of the cheapest racing ever seen at was once the mecca of harness racing! THRIVING!!! https://ustrottingnews.com/nj-governor-signs-budget-with-20m-annually-for-horse-racing/
In Pennsylvania, the live wagering handle covers a remarkably small percentage of horse racing purses—typically hovering between 10% and 12%.The vast majority of the money in the state's purse accounts does not come from the betting windows. Instead, 88% to 90% of PA purses are funded by the slots, specifically through the state's Race Horse Development Trust Fund (RHDTF).
The $10 mil for purses is so the state can keep the farms open that pay $75 mil in state taxes every year. If you don't subsidize the actually racing, then the farms go away. The state paying $10 mil to get $75 mil is a good tradeoff.
From a macroeconomic perspective, investing tax dollars in infrastructure yields a significantly larger, broader, and more sustainable economic benefit than spending them on horse racing.While both investments stimulate economic activity, they function on entirely different scales and produce vastly different returns on investment (ROI).