NJ report on Horse racing

[Benny]

lots of tables w/ NY and Pa comparisons,not so pretty facts for NJ

http://www.esc.rutgers.edu/downloads...rse_Racing.pdf

[hondo]

I have to love the conclusions, which have been obvious for some time but for some reason will never happen in this corrupt state that I have lived in for most of my life, where decisions are made to benefit the political bosses of both parties rather than the state.


"The installation of casino gaming and sports betting at New Jersey racetracks would be a relatively quick and easy way to slow down these trends, to New Jersey’s advantage. It has the potential to be a “win-win” situation for both the racing and casino industries, where revenues could be used to subsidize a failing casino industry in Atlantic City as it tries to reinvent itself as a tourist destination. Likewise, a portion of these revenues could be used to increase purse structure, number of race days and breeder incentive awards, all drivers of a successful horse racing industry.
.
Any increase in gambling grevenue would enhance the state budget significantly (depending on state tax revenues) and provide capital for use by the casino and horse racing industries to keep them competitive. Casino gaming outside Atlantic City would also add jobs to the state, during construction and renovations of the racetracks as well as during operation."