Breeders’ Cup Economic Impact Expected to be $57.6 Million for New Jersey
The economic impact of Monmouth Park hosting the Oct. 26-27 Breeders’ Cup World Championships is estimated to be $57.6 million, according to a study released Monday by the Center for Urban Policy Research at Rutgers University in New
- Topics: Article, Thoroughbred Racing
The economic impact of Monmouth Park hosting the Oct. 26-27 Breeders’ Cup World Championships is estimated to be $57.6 million, according to a study released Monday by the Center for Urban Policy Research at Rutgers University in New Brunswick.
“We knew the numbers would be big, but I don’t think anyone thought they would be that big,” said Dennis Dowd, senior vice president of racing at the New Jersey Sports & Exposition Authority, which owns and operates Monmouth Park.
“What this study confirms is that everyone in New Jersey will benefit from the Breeders’ Cup–either indirectly through increased tax revenues or directly through actual contact with the event.”
The study points out that, “In the case of Monmouth Park, the reasons for hosting the Breeders’ Cup are, in part, to provide a boost to the state and local economy, and to enable Monmouth Park and the state of New Jersey to catch the eye of both national and international horsemen and horse racing fans, and provide for a long-term stimulus for horse racing in the state
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