Everyone has a right to fight for their survival. That is about as much empathy as I can give to the horseracing industry in New Jersey. Horseracing professionals are obviously outraged that the state has not strongly considered supplying the tracks with slot machines in order to save the industry. But in all fairness it would not make much economic sense for them to do such a thing. Slot machines at New Jersey racetracks would only further injure Atlantic City casinos which happen to be a far more valuable asset to the state than the tracks that are bleeding money every year despite government assistance.
There is certain to be a trickle down affect if live racing stops in New Jersey. The New Jersey horse farming industry is likely to be impacted. However, the myth of it ending the horse racing industry altogether is likely untrue. As it stands only a majority of horse farming in the state has nothing to do with racing.
Trainer Jacquie Ingrassia believes that if live racing were to end at the Meadowlands racetrack it would lead to thousands of acres of farmland that supply horses being sold off.
“There are a lot of far-reaching ramifications,” said Ingrassia.
“It’s absolutely criminal, what’s being done here.”
Criminal is a very strong word. Her outrage is understood, but it is not wise for the state to continue to support an industry that does not seem to be generating nearly as much revenue as it once did. The country is still in the middle of a recession, tax dollars could be better used elsewhere.