Sports Betting Revenue Increases Meadowlands Racetrack Purses

The Standardbred Breeders and Owners of New Jersey have announced a 10-year preliminary agreement with the Meadowlands Racetrack (l.) for a sports betting revenue sharing plan which will add at least $1 million annually to the track’s racing purses. A state bill that would increase purses is also in the works. The Meadowlands agreement will increase purses by about 10 percent.