Top US Online Casinos
1. Jumba Bet Casino - $25 No-Deposit Bonus Plus a $1,200 Welcome Welcome package.
2. Bovada - Best bitcoin casino and massive welcome bonus worth 100% up to $3,000 Free.
3. Lucky Creek - 66 Free Spins Plus 166% up to $266 Free.

Lesniak Pressures Christie to Help Horse Racing

23 August 2011 by admin

new_jerseyNew Jersey Senator Ray Lesniak is stepping up the pressure on Governor Chris Christie to sign an online casino bill that would also aid the struggling horse racing industry. After Christie vetoed the bill earlier this year, Lesniak said he would resubmit it without the racetrack subsidies, but he has changed his mind on that.

Last week, the owners of Perretti Farms announced that they would get out of the racehorse breeding business. It was seen by some as the beginning of the end for the industry. One of the reasons that Christie vetoed the bill was because he didn’t want taxpayers to subsidize the industry and instead wanted it to stand on its own and be self-sufficient. With the Peretti Farms announcement, though, Lesniak is saying it’s proof that subsidies are needed.

Lesniak is now saying that it’s clear that the racetracks need funding. Instead of the subsidies coming from state revenue, Lesniak is reworking the bill to have them temporarily come from the casinos themselves. “The casinos will be willing to temporarily support purse subsidies since they will be getting a huge revenue boost from online gambling,” he said.

Christie may not be swayed by the temporary funding, though. He wants the industry to stand on its own without any subsidies and does not want the taxpayers to have to prop it up. Lesniak says that Perretti’s meltdown shows that Christie was wrong to veto the bill. The veto was because of more than just the subsidies, though. According to Christie, the original bill was unconstitutional. The New Jersey constitution requires all gambling to be confined to Atlantic City, but the bill would have allowed gambling to be conducted outside the city. Lesniak has said that the constitutional concerns have been addressed in his revised bill.

Comments are closed.