Horse racing cannot be allowed to fail in the state for reasons that transcend Trenton’s budgetary concerns. The industry helps preserve open space and farms, and creates jobs beyond the grandstands.
Allowing racings at tracks is a partial solution. Slot machines at race tracks would add revenue to the tracks, and there is no compelling evidence that those machines would be a death knell for the casinos.
The industry is not in any position yet to go it alone. It needs help. Just because the administration seems to be placing all of its bets on Atlantic City, there is no reason for it to fold its hand on horse racing.
Off-track wagering parlors, particularly those that can be housed in existing buildings or restaurants, are no panacea, but deserve a chance.
Some members of the governor’s inner circle, including Jon F. Hanson, chairman of Christie’s gaming advisory panel, don’t seem to get any of this. At last week’s summit, Hanson was mule-headed in his insistence that the state should pull the plug on financial support for the horse racing industry while at the same time pouring money into Atlantic City by taking it over. His panel in July released a report that was bullish on Atlantic City’s prospects and opposed adding slots to the racetracks.
Hanson said Atlantic City casinos can outperform those in nearby states because they have the advantages of “the Atlantic Ocean and the beach.” It’s had those “advantages” all along. But they have been dissipated by growing competition for gambling dollars from racings and gaming parlors in neighboring states. That competition will get increasingly stiffer.
Removing state support for horse racing immediately, without giving the industry a chance to reorganize itself, would be calamitous. The governor needs to stop his either-or thinking. The choice is not between horses and Atlantic City. It’s about how to make them mutually beneficial.
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