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Plan To "Pump New Money" Into New Jersey Racing

Thursday, 21st October 2010

We-Have-Seen-The-Future Update: New Jersey lawmakers have "unveiled a package of legislation to allow in-state internet betting through Atlantic City's casinos, legalise sports betting if a federal ban is lifted & pump new money into the horse racing industry," reported bloodhorse.com. The legislation "is intended to save both struggling industries, which for years have fought each other". Democratic Senator & former Atlantic City mayor James Whelan noted: "From the outset, this process has always been about rejecting the conventional wisdom that Atlantic City, the Meadowlands & the horse racing industry could not be brought together. This is a comprehensive approach that will protect the jobs our casinos & racetracks support & prove that solutions do not have to come with winners & losers. If we act quickly to get this plan in place, everyone will win." Democrats in the Senate say they want to "offer new types of bets on horse races, expand the state's breeding development program & reduce expenses at the Meadowlands & Monmouth Park". Senate leaders said they hoped the measures "could be enacted by the end of the year".

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