The amended bill, which will be introduced during the upcoming legislative session, explicitly states that the minimum number of Thoroughbred racing dates cannot be reduced to 25 unless the New Jersey Thoroughbred industry fails to receive a $10 million grant from the State of New Jersey. Additionally, if the scholarship grant is reduced to $5 million, the minimum number of Thoroughbred racing dates could be reduced to 40.
“The Thoroughbred Breeders’ Association of New Jersey will continue to work closely with Darby Development and the New Jersey Thoroughbred Horsemen’s Association to pursue additional revenue streams to strengthen the wallet and expand the New Jersey bred incentive program,” said Rory Huston, president of the TBANJ. “We are committed to defending an industry that generates $780 million in economic impact statewide and supports thousands of jobs in the Garden State.”
“There have been far too many negative and unfounded comments on social media about Dennis Drazin, head of Darby Development, over the past two weeks. These claims are simply not true and must stop,” said TBANJ Director Michael Campbell. “Without Dennis’ commitment to securing the future of Monmouth Park and generating new revenue for an industry that operates in one of the few states without casino gambling or historic racing machines underpinning its financial structures, New Jersey’s horse industry would be in much worse shape today.
“The New Jersey Thoroughbred Horsemen’s Association, along with Dennis Drazin, took over the day-to-day operations of Monmouth Park to protect and preserve Thoroughbred racing and breeding in New Jersey,” Campbell added. “Without the leadership, dedication and tireless efforts of Dennis Drazin, Monmouth Park would not be in business today.”
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This press release has been edited for content and style by BloodHorse Staff.
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