Mass. gaming act gives horse racing prize boost
New state gaming act gives struggling horse racing industry revived hope with share of slot, casino, and licensing fee revenues to boost prize money
The gaming act signed last fall, authorizing the creation of a slot parlor and three casinos in Massachusetts, is breathing new life into the state’s horse racing industry, which has dwindled to one thoroughbred track. The law designates a portion of the revenues generated from gambling to increase purses and award bonuses to Massachusetts owners and breeders, a common practice in states that allow gambling. This cash infusion has sparked new interest in the state’s struggling horse racing industry, supporters say.