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NJ tracks push for bigger purse subsidy

NEW JERSEY -- As reported by the New Jersey Star Ledger: "New Jersey's ailing horse racing industry may be getting a much-needed financial boost in the form of a bigger purse subsidy from Atlantic City's casinos when the current deal expires, a leading racing official said yesterday.

"The casinos have pledged $86 million over the past four years to enhance purses at Monmouth Park and the Meadowlands -- in exchange for keeping slot machines out of both tracks.

"But with the slot debate ongoing, those casinos may double the purse subsidy they provide to the two tracks to keep competitive with tracks in surrounding states that use slot machines to fatten purses, said Jerold Zaro, a member of the NJSEA Board of Commissioners and the chairman of the Monmouth Park Breeders' Cup Host Committee.

"The New Jersey tracks, in turn, would not push for slots..."

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