With a purse of $1.25 million, the Haskell is the richest invitational horse racing event contested in North America and its expected to draw thousands of people to Monmouth Park racetrack in Oceanport this Sunday.
Even though people attending the Haskell will stay at local hotels and eat at area restaurants when its all said and done New Jersey's horse racing industry still faces increasing competition from surrounding states.
“We have an ongoing purse subsidy agreement with the casino industry so we’re comfortable that we have a sufficient amount of dollars to maintain our purse structure through 2011, says Carl Goldberg, Chairman of the New Jersey Sports and Exposition Authority.
The governor has named a commission to address solutions that will promote the sustained viability of the horse racing industry in New Jersey. A report is expected next year.
By: Janet Fried
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