Bill Provides $30 Million for New Jersey Racing

A bill that would shift $30 million from the Casino Redevelopment Authority to the horse racing industry in the state of New Jersey over a three-year period progressed in the legislature on Jan. 10. The money would be paid on a sliding scale: $15 million in 2011, $10 million in 2012, and $5 million in 2013 under the premise other funding would become available as legislation is passed to spur

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