New Jersey racing news====wow
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bcassidy
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New Jersey racing news====wow
new govenor Christie announced a new schedule for Monmouth Park this summer, Live racing Friday, Saturday and Sunday plus select holidays. 1 million a day in purses over 12 races, 3 J-bred races a day. I love the new schedule. J-breds MSW will be over 75k, with Alws of over 85k. WOW!
best regards Brendan
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bcassidy
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bohemia-the meadowlands meet will also be run at Monmouth Park this year starting in September after the Monmouth meet is over and running through November 21st. The purses during that meet were announced to be over 300k per card. I would love year round racing but given we can't have that--- this is not a bad option. Good luck with your Pa breds.
best regards Brendan
JYS wrote:Makes me wish I had a NJ bred ready to race this year.
Makes me wish I had a Jersey bred that could COMPETE with Jersey breds this year!!
Just when I was content in thinking "Oh well I am not missing out on anything......" UGH!!!!! Does Jersey have a Most Photogenic racehorse division? She might get that one haha!!trying to come up with something brillant..... this may take a while. 
Okay ; so the Gov. made it official last night. I get that part ! Does that also mean that the NJTBA et al have gotten on board ? I admit I'm feeling no particular sense of loss over The Meadowlands but need to digest all else for a bit but only after I know how the breeder's bonus is affected and where the Gov. plans on getting the money for the enhanced purses which seems to have been left as a fill in the blank sort of question. What I mean is has the breeders bonus been abolished / modified in exchange for enhanced purses to the owner ? There's a boat load of money being juggled around here but I'd like to see the plan in it's entirety so I'll be searching for a press release which I'm sure is pending. On the surface it appears that any given Jersey bred will have plenty of opportunities to race, even assuming the traditional 30 days rest between races, provided it is ready to go on or near opening day. It may actually be workable but ... waiting for the other shoe to drop.
Bring 'em back tired ; but bring 'em back sound !
So the press release came out !
A 1 yr. experimental plan with enhanced purses courtesy of the casinos provided there is an end to lobbying for slots at racetracks. I've read this book before haven't I ? Still ; I suppose that answers my question regarding breeders bonuses. And apparently all associations are on board with the plan so that answers my other question. It's workable I guess & certainly better than the original 50 days. Seems to have worked alright all this time @ Saratoga.
A 1 yr. experimental plan with enhanced purses courtesy of the casinos provided there is an end to lobbying for slots at racetracks. I've read this book before haven't I ? Still ; I suppose that answers my question regarding breeders bonuses. And apparently all associations are on board with the plan so that answers my other question. It's workable I guess & certainly better than the original 50 days. Seems to have worked alright all this time @ Saratoga.
Bring 'em back tired ; but bring 'em back sound !
I can't imagine this plan impacting the breeding program at all, except for people who have horses ready to run this year. From the sounds of it, its a 1 year experiment, and not likely to be continued.
From DRF:
"The plan will be implemented as a one-year experiment. A large portion of the funding for the purses will be provided by a payment the racing industry receives from New Jersey casinos to refrain from lobbying for slot machines at racetracks. The contract providing for the payment - typically around $20 million a year - expires at the end of 2010, and it is doubtful the contract will be renewed in the same form for 2011 or beyond because of the current financial troubles of the state's casino industry, according to officials."
From DRF:
"The plan will be implemented as a one-year experiment. A large portion of the funding for the purses will be provided by a payment the racing industry receives from New Jersey casinos to refrain from lobbying for slot machines at racetracks. The contract providing for the payment - typically around $20 million a year - expires at the end of 2010, and it is doubtful the contract will be renewed in the same form for 2011 or beyond because of the current financial troubles of the state's casino industry, according to officials."
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bcassidy
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mikec---lets look at it with a few additional points on the table.
1. The NJ industry needs a sustainable business model
2. The costs saved by the industry to pick up a SB track and then lay down a TB track was a minimum of 2 million each year.
3. The money saved with the additional 2 days a week closed is substantial.
4. The 12 races a day alone should generate a minimum of an additional 33% per racing day increase alone.
5. The higher quality racing should account for a substantial increase in both on track and off track handle. Gamblers like better quality races
6. Owners, Trainers, jockeys etc will want to run for the higher purses. I believe Saratoga averages 650k per day, monmouth will offer almost 50% more in purses. better horses, races etc yield higher handle.
7. If the meadowlands slots/casino comes into play it would be a very small increase to the above increase to keep this model sustainable.
8. The TBA plans to pay out 100% of all the past breeders awards that have been unpaid for 2008 and 2009 as they stated they would do.
9. Fri, Sat and Sunday (plus your monday holiday) racing should be very sustainable with high quality racing.
10. J-breds running for 75K MSW is a sustainable model for a breeding plan. They have to average 2.5 races for J breds each racing day.
11. NJ bred day will host 10 races with 100k in each race. 1 million given out to NJ breds in one day.
bottom line---money saved plus increased handle will hopefully yield a successful business model that is sustainable.
Breeders in-state should be able to make a profit breeding and racing in NJ.
hope that adds some more information for your consideration.
1. The NJ industry needs a sustainable business model
2. The costs saved by the industry to pick up a SB track and then lay down a TB track was a minimum of 2 million each year.
3. The money saved with the additional 2 days a week closed is substantial.
4. The 12 races a day alone should generate a minimum of an additional 33% per racing day increase alone.
5. The higher quality racing should account for a substantial increase in both on track and off track handle. Gamblers like better quality races
6. Owners, Trainers, jockeys etc will want to run for the higher purses. I believe Saratoga averages 650k per day, monmouth will offer almost 50% more in purses. better horses, races etc yield higher handle.
7. If the meadowlands slots/casino comes into play it would be a very small increase to the above increase to keep this model sustainable.
8. The TBA plans to pay out 100% of all the past breeders awards that have been unpaid for 2008 and 2009 as they stated they would do.
9. Fri, Sat and Sunday (plus your monday holiday) racing should be very sustainable with high quality racing.
10. J-breds running for 75K MSW is a sustainable model for a breeding plan. They have to average 2.5 races for J breds each racing day.
11. NJ bred day will host 10 races with 100k in each race. 1 million given out to NJ breds in one day.
bottom line---money saved plus increased handle will hopefully yield a successful business model that is sustainable.
Breeders in-state should be able to make a profit breeding and racing in NJ.
hope that adds some more information for your consideration.
best regards Brendan
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bcassidy
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fireslam----I couldn't find "the not likely to be continued comment"-----perhaps this is your own editorial?
The reason they are calling this plan experimental is because they have to prove the increase in handle and cost savings of this new plan. If it goes as hoped it will be continued and the experimental label will be dropped.
Here's two facts to consider:
1.The 12 races alone should generate a minimum of a 33% because each racing day will offer 33% more races.
2.The higher quality races will generate a significant increase in handle both on and off track on your best racing days---ie the summer months on Fridays, Saturdays and Sundays, plus your holiday Mondays----Memorial day, fourth of july and labor day.
Both of these facts seem plausible to me and if so then
this plan may not be that experimental. Everyone is hoping these changes fix some basic problems. I am very optimistic.
The reason they are calling this plan experimental is because they have to prove the increase in handle and cost savings of this new plan. If it goes as hoped it will be continued and the experimental label will be dropped.
Here's two facts to consider:
1.The 12 races alone should generate a minimum of a 33% because each racing day will offer 33% more races.
2.The higher quality races will generate a significant increase in handle both on and off track on your best racing days---ie the summer months on Fridays, Saturdays and Sundays, plus your holiday Mondays----Memorial day, fourth of july and labor day.
Both of these facts seem plausible to me and if so then
this plan may not be that experimental. Everyone is hoping these changes fix some basic problems. I am very optimistic.
best regards Brendan