New York is shelling out public money to keep the declining horse race industry afloat — and in 2023, it’s doubling down.
New York’s biggest racetracks have been declining for decades. They’ll likely need more state subsidies to cover their debts.
Hochul says it “goes without saying” that a taxpayer-funded track renovation will bring jobs and boost attendance. Her proof: an industry-commissioned study that she refuses to release.
A conversation with consultant Shuprotim Bhaumik, whose firm wrote a study arguing that New York state can revitalize the failing horse racing industry by funding a $455 million track renovation.
Dozens of horses die at the Long Island track each year. Governor Hochul — and now the state legislature — want to give it a state-funded renovation.
At Belmont Park’s opening day, local brass celebrated a windfall of state cash. Hardly any fans showed up.