Slot Machines Doing Well in Jersey

It would seem that the state of New Jersey is doing very well with the slot machines that they have at their horse racing tracks. They brought them in to both help out the state’s budgets and the tracks, and they have done everything that they hoped that they would do. They had seen how successful other states were that had added slot machines to their tracks and decided to follow suit.
 
They have managed to help out the tracks and they are able to start offering larger purses and bring in the better horses since the slot machines came to town. The slot machines have brought in more than $2.74 billion since they started and that revenue has been shared among several racetrack owners and horsemen.
 
The tracks that have the slot machines are The Meadowlands, Freehold Raceway, Monmouth Park Racetrack and the Atlantic City Race Course. With so many other tracks bringing in the slot machines it was a good move for the state to bring them in as well.
 
They have found that they are making money off of both the off track and internet wagering, and that their Purse Enhancement Agreements are maintaining the purse structure at the Meadowlands. This past year New Jersey was still behind both New York and Pennsylvania in the horse racing purses, but many expect that to change this year. They have already seen a 118% increase over their revenues from the previous year without the slot machines.

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