Quote:
Originally Posted by randallscott35
I can't speak to NYRA's deal, I'm speaking in general on the nature of subsidies of which the NJ model of thoroughbred industry had for a long time and cost the state money in the process....The past is the past. Calzone had it right, you have lots of options with your gambling dollar, if tracks don't find an economy of scale and not assault the bettor with outrageous takes, they will be gone. The Parx and PIDs of the world first, the others to follow.
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NJ never lost money on horseracing nor was horseracing there given a subsidy. All the nonsense out of NJ didn't take into consideration that when Gov fatso was saying that horseracing was costing the state money it was because they didn't include the large profit that NJbets (NJ OTB) was making. The horseracing industry in NJ was given money by Atlantic city casinos in order to stop pursuing slots, not as a subsidy. It really wasn't that much different than the deal that the MN Indian casinos cut with Canterbury except in that state the casinos didn't treat the tracks as an enemy.