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Meadowlands to maintain current purse structure

February 14, 2008
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The New Jersey Sports & Exposition Authority (NJSEA) announced today (Feb. 14)  that it will maintain the current purse structure at the Meadowlands.

“We want to thank the NJSEA for their willingness to maintain the purse levels at the Meadowlands,” said Tom Luchento, president of the Standardbred Breeders & Owners Association of New Jersey. “We’re grateful they are working with the horsemen and share our optimism that there will be a purse supplement agreement reached soon.”

“The horse racing industry is a vital part of the fabric of New Jersey,” said NJSEA chairman Carl Goldberg. “And, of course, the NJSEA racetracks, the Meadowlands and Monmouth Park, are essential to the vitality of that important industry.
 
“Therefore, we will maintain our current overnight purse structure, with the Authority providing the necessary funding, while the new three-year purse supplement program negotiations are completed,” Goldberg noted. “We are very optimistic an agreement will be reached soon between the State and the Atlantic City casinos to continue this crucial supplement program.” (SBOA/NJ)

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