VAN DREW CO-SPONSORS BILL TO HELP ATLANTIC CITY RACETRACK

A new bill passed through a key panel that would provide additional resources to the Atlantic City Racetrack. The bill would make changes to the Casino Simulcasting Special Fund to provide additional financial support to the Atlantic City Racetrack.  Under the bill, 90 percent of the remaining dollars in the Casino Simulcasting Special Fund – made up from money generated by wagers on horse races from out-of-state tracks transmitted to casino simulcast facilities in New Jersey – would be dedicated to support the Atlantic City Racetrack.  The funds would be used to make capital improvements, increase live racing days at the track, or supplement purses.  The remaining 10 percent in the Special Fund would be used to support Monmouth Park Racetrack and Freehold Raceway. It was co-sponsored by State Senator Jeff Van Drew.

Check Also

COUNTY REPORTS 25 NEW CASES OF CORONAVIRUS ON SATURDAY

Cape May County reported 25 new cases of coronavirus on Saturday.  That represents one of …

Leave a Reply

Your email address will not be published. Required fields are marked *