Freehold Raceway has released a reduced purse structure and the Meadowlands is expected to follow with drastic purse cuts if the New Jersey legislature does not quickly fulfill promises to provide a purse supplement. Freehold issued a statement to its horsemen on Tuesday which said:
“No deal has been reached as of yet for a new purse supplement. We have been overpaying purses by over $100,000 per week. With the current purse schedule, we would be in an overpayment situation in another week. This will be the new purse schedule until a new agreement is reached. Unfortunately, we will not be able to write an invitational pace, open mares or open trot until a new agreement is reached.”
The Meadowlands has also indicated that it could possibly be cutting its purse structure by as much as 45 percent by the end of the month if no agreement is forthcoming from Trenton. Additionally, the leading standardbred track in the country will be asking for payback of the overpayments it made in January.
Without a purse supplement, the Meadowlands’ nightly purse distribution would drop from the current average level of $220,000 per program down to $90,000 nightly.
“We are still hoping that the Governor will fulfill the promise he made in October to provide a supplement for the racing industry,” said Tom Luchento, president of the Standardbred Breeders and Owners Association of New Jersey. “We are at a crossroads for the future of racing and breeding in this state. We need the legislators and the Governor to step up and finalize this agreement.”
FREEHOLD’S NEW PURSE STRUCTURE
Conditions Purse
Claim $4,000 $2,000
Claim $6,000 $2,500
Claim $8,000 $3,100
Claim $10,000 $3,800
Claim $15,000 $4,900
NW 1 PM CD $2,500
NW 2 PM CD $2,700
NW $2,000 L6 $2,700
NW $3,000 L6 $3,100
NW $4,000 L6 $3,800
NW $5,000 L6 $4,500
NW $7,500 L6 $6,400
NW $10,000 L6 $7,500
Winners Over $9,100
(SBOANJ)
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