Watch and Bet Harness Racing at TwinSpires.com
harnessracing.com
The Horsenman and Fair World
  • News Archive
  • Racing Reports
    • Sire's Progeny
    • Dam's Progeny
    • Single Horse
    • Leading Sires
    • Racing Recap
  • Sale Reports
    • Sire's Progeny
    • Dam's Progeny
    • Single Horse
    • Leading Sires
    • Sales Results
    • Sales Info
  • Calendars
    • Stakes Schedule
    • Sales Schedule
  • Entries/Results
    • USTA Entries
    • USTA Results
    • SC Entries
    • SC Results
  • Programs
    • TrackMaster® PPs
  • Guide Directory
  • Magazine Info
    • Issue Highlights
    • New Subscriptions
    • Renewals
    • Address Change
    • Advertising Rates
    • Send A Letter
« »
            1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31          
View all for this month

Click here for RSS

New Jersey agreement reached in Jersey, now on to governor

 Return Home
March 18, 2008 Send To A Friend  | Print View

The New Jersey state Senate on Monday passed by a vote of 38-1 the $90 million purse subsidy agreement reached between the Atlantic City casinos and the racetracks. The deal had previously been approved by the state House, so it will now go to Gov. Jon Corzine for his signature.
 

A clause in the agreement also gives the Atlantic City casinos a tax break on "comps" that the casinos give out. Under the clause, the combined value of free slot-machine plays--"comps"--issued by casinos in excess of $90 million per year would be tax exempt. According to the New Jersey Casino Control Commission, last year the casinos issued $90 million in comps, which generated $7.2 million in tax revenue. 

 
The racetracks also agreed as part of the deal to not seek to add video lottery terminals over the next three years. 

« Back

 Bookmark and Share
Home :: News Archive :: Racing Reports :: Sale Reports :: Calendars :: Guide Directory :: Contact The Staff
Advertising Rates & Information For: Horseman And Fair World Magazine :: HarnessRacing.com :: Harness Racing Weekend Preview
Website Design by eLink Design, Inc. A Lexington Web Design Company :: Hosted by Intelliwire, LLC, An Offsite Backup Company
Site contents may not be reproduced without the expressed written consent of the publisher.
© 2012 Horseman Publishing Co., Lexington KY, All Rights Reserved