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A U.S. VIEW ON STATE SUBSIDISATION OF HORSE RACING
Horse racing shouldn't get money from internet gambling
The Star-Ledger publication in the US state of New Jersey says in an editorial comment that the state's troubled horseracing industry, which has needed $200 million in subsidies from taxpayers and casinos since 2004, shouldn't be given more handouts from internet gambling.
The comment comes amidst recent encouraging moves in the state which has seen a proposal to legalise intra-state online gambling successfully pass through political committees and the Senate and head for debate in the House.
The editorial supports this political initiative, spear-headed by Senator Ray Lesniak, commenting that the state needs new sources of revenue, and quoting estimates that 500,000 New Jersey residents who have accounts with online poker sites collectively wager approximately $150 million a year.
"By allowing the state’s 11 casinos to establish gambling web sites, New Jersey will get a piece of that action," the editorial points out.
"But why divert this money for a horse-racing bailout? Given the pressing needs of a state that is laying off teachers and cops, and trying to find money to fix decaying roads and bridges, this subsidy can’t be justified.
"Horse racing has siphoned more than $200 million in taxpayer money and casino subsidies over the past six years, and while racing supporters promise to make the sport self-sustaining, they don’t set a timeline. Nor do they estimate how much money they’ll need from taxpayers – to pad purses and build off-track wagering sites - to make that happen.
"In the meantime, the sport will continue to live off public money that should be directed to more critical needs. For taxpayers, that’s a bad bet."
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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