New Jersey Budget Includes $10-Million Purse Supplement for Monmouth Park

Wait 5 sec.

Monmouth Park will receive its annual $10-million purse subsidy next year after it was included in New Jersey's 2027 state budget which was signed by Governor Mikie Sherrill late Tuesday night.“We are grateful to the governor and the entire legislature for recognizing how important horse racing is to New Jersey,” said Dennis Drazin, Chairman and CEO of Darby Development LLC, operators of Monmouth Park. “In addition to a personal thank you to Governor Sherrill, I want to thank Senators Vin Gopal and Paul Sarlo for their tireless work to support this industry and appreciating its impact across the state.”In addition to helping preserve farmland, horse racing in New Jersey provides an economic impact of over $4 billion, accounts for nearly 4,000 jobs, and provides over $75 million in tax revenues, according to a press release from Monmouth Park.“As anyone in business knows, uncertainty is the enemy,” Drazin added. “With $10 million secured for next year's purses, we can move on from uncertainty and continue to build a better industry and a better Monmouth Park.The post New Jersey Budget Includes $10-Million Purse Supplement for Monmouth Park appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.