Urge New York State Legislators to Support Legislation to End Horseracing Subsidies
JOIN US TO TAKE ACTION! This is a Pivotal Moment!
New Yorkers! Horseracing Wrongs needs YOU to contact your Assembly Member and Senator and urge them to co-sponsor legislation to End Horseracing Subsidies now!
Assemblymember Linda Rosenthal and Senator Robert Jackson have led the way by introducing a bill (A8468 and S8485) to redirect the $230 million a year in corporate welfare handed out to this cruel and deadly industry.
What you need to know about Horseracing Subsidies:
Since 2004, the New York State horseracing industry has been subsidized by revenue from casino gaming. This subsidization now exceeds $230 million per year. These payments were initially intended to give the failing racing industry an opportunity to become self-sufficient.
18 years and $3 billion in corporate welfare later, and neither goal has been, or will be, met.
So where exactly does this $230 million come from?
Put simply, the $230M is money wagered in slot machines located at racetracks. If that same $230M were wagered at a stand-alone casino, like Rivers Casino, all of that money would go back to the state for things like education. Instead, it’s diverted to the racing people in the form of higher purses and breeder incentives. So the owners and trainers are benefiting from this money at taxpayer expense. Without this corporate welfare, much of the horseracing industry in NY would have collapsed 15 years ago.
1. This Corporate Welfare is an outrage against the free market system. The vast majority of NYS businesses and industries receive no government handouts. Most businesses survive on goods and services alone.
2. This subsidy is cheating schoolchildren out of tens of millions of desperately-needed education dollars every year.
3. These handouts allow the racing industry to continue killing over 120 horses per year. In short, taxpayers are unwittingly funding the abuse and killing of intelligent, sensitive, beautiful horses.