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NJ governor signs $100 million racing bill

February 14, 2019
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The Standardbred Breeders and Owners Association of New Jersey (SBOANJ) thanks Governor Phil Murphy and the New Jersey Legislature for passing and signing into law an essential measure to propel New Jersey’s horse racing and breeding industry. The $100 million over five years will be used for horse racing purse allocations and greatly increase the participation in this thriving industry in the Garden State.

“SBOANJ is grateful for the tremendous support the horse racing and breeding industry has received from the State and the continuous effort to ensure that the many careers and businesses created through the industry are protected,” said Mark Ford, president of the SBOANJ. “The New Jersey Legislature and Governor is Murphy have made it a priority to create a sound and reasonable appropriation in an effort to bring tremendous economic development to NJ. For these reasons, we thank the Sponsors and the Governor for their leadership on this issue. This measure guarantees New Jersey’s position in the industry in order to compete with the surrounding states.”

The horse racing industry and breeding farms not only aid and protect the preservation of open space in New Jersey, they heavily support the agribusiness and ensure thousands of jobs around the state. The new law will encourage growth in these businesses and throughout the State’s economy.

SBOANJ would like to express its gratitude for the remarkable work accomplished through our advocacy efforts. The relentless work of the Association in conjunction with the valiant efforts of the State will pay dividends for the horse racing and breeding industry and the economy as a whole, allowing us to continue to provide compelling purses that will undoubtedly attract unparalleled competitors back to the state.
 
SBOANJ is also appreciative of the support shown by their longstanding partners – the Meadowland Racetrack, Freehold Raceway, the New Jersey Thoroughbred Horsemen Association and the Thoroughbred Breeders’ Association of New Jersey. (SBOANJ)

 
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