Track privitization

[joeydb]

Let me ask an admittedly basic question:

Chris Christie says that he wants to get NJ government out of horse racing -- no subsidies.

Does that mean that he still would expect a privitized track to contribute the same amount in takeout minus operating costs to the state? Or are the profits also to be kept by private industry investors in such a plan?

If anyone finds details on what such a plan would mean, post it here please.