Quote:
Originally Posted by NTamm1215
I've taken the position that this is a one year thing. I don't believe that the subsidy will continue next year. There's already opposition from some state senators that the casinos should not be paying anything toward the racetracks. If sentiment grows to let the racetracks go on their own then the NJSEA is in big trouble.
I should know better than to expect anything rational from state governments. I applaud Monmouth for what they're doing now and they're going to have a terrific summer but whether they have the means to do it again is unlikely in my opinion.
NT
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I don't disagree that this is a temporary situation. If I have to make an educated guess, the Atlantic City subsidy won't be there next year, or the state will make a reduced subsidy if this summer's numbers are good. That being said, if the handle remains like it was this past weekend, it could probably support a three-day schedule with $600K in daily purses. If that becomes the template, then this year will be a rousing success. Keep in mind that $600K would be twice what they gave out daily last year, and I suspect that there would be just as much demand to run at Monmouth with $600K in daily purses as there is this year with purses at a $1 million per day.
05-26-2010, 04:41 PM
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