Speaking on condition of anonymity, highly placed industry sources are telling HRI there is no way Monmouth Park can reasonably expect to double its handle, something it would need to do to remain viable, given a purse structure that will distribute an average $1-million daily.
The facet that seems clear given the new approach, accenting both quantity and quality, is that Monmouth should have little problem improving its live gate, drawing fans and bettors from the densely populated metropolitan area while New York’s horses are in Saratoga.
This makes sense in that the few tracks that are thriving in this country specialize. Saratoga and Del Mar are destination tracks, summer places to be for racing fans and bettors from America’s two largest markets.
While less of a destination track per se, Keeneland works because it owns the highest octane race meet in North America, racing for only three weeks each spring and fall.
And Oaklawn Park, meanwhile, with the exception of its impressive Racing Festival of the South concept, thrives not only because it’s become a racino but because it draws patrons from five states: Location, location, location.
In that context, purse money will help big-time. New York outfits such as Todd Pletcher’s, Kiaran McLaughlin’s, Bruce Levine’s, Linda Rice’s, and Rick and Tony Dutrow’s will have strong divisions at the Shore, as they do most years. Given the added money, however, they will probably ramp up their participation in 2010.
But the big New York outfits might not find the pickings as easy this time. The large purses are sure to attract an influx of competitive horses from Delaware, Pennsylvania and Maryland. Money, as racetrackers often say, makes the mare go.
The impact that this infusion of equine and human talent will have on New Jersey horsemen could be devastating. They will have to choose from a limited amount of opportunities more carefully, perhaps even point towards the 22 days after Labor Day than the 58 days that precede it.
While Monmouth Park vice president and general manager Bob Kulina and newly elected New Jersey Thoroughbred Horsemen’s Association president John Forbes presented a united front at an NTRA-sponsored conference call Tuesday, there was infighting before the plan was brought to fruition.
Forbes was one of three trainers, Tim Hills** and Jim Ryerson being the other two HBPA board members, who was not on board with the plan because all felt it wasn’t in the best interests of New Jersey horsemen.
The one person who was on board, however, was newly elected Governor Chris Christie. Christie inherited not only the waning fortunes of the thoroughbred and breeding game but a tanking casino industry in Atlantic City as well.
Tourism considerations notwithstanding, casinos no longer wanted to subsidize racing in return for not establishing slots operations at the state’s tracks. Ultimately, the Christie administration backed the New Jersey Sports and Exposition Authority’s play to hold all thoroughbred racing at Monmouth Park and reserve The Meadowlands for harness racing only.
The administration pressured the horseman to either fall in line or face a shutdown of thoroughbred racing. The measure came to a vote and the resolution was passed by a 7-2 margin.
If Monmouth Park is unable to sustain itself, expect the state to get out of the thoroughbred business. No tears will be shed in Atlantic City if that’s the case.
The only question remaining is did the Governor of New Jersey do racing a favor, or did he give New Jersey’s thoroughbred industry just enough rope to hang itself? Stay tuned.
**Clarification made on Mar. 11, 2010, 5:03 pm: According to a source from a New Jersey-based horsemen's group, trainer Tim Hills was not an original dissenter. That person was later identified as Fred Maffeo.


11 Mar 2010 at 01:08 am | #
Has anyone picked up a pencil? Just how much takeout from handle and signal fees are needed to recoup $1,000,000 in purse money? Consider the following: The on-track crowd numbers 12,000, and they each wager $200 for the day, thus on-track handle is $2,400,000 and the takeout is about $480,000. Thus $520,000 is needed from off-track handle, or 65,000 people across the country must wager $200 each, or $13,000,000 allowing that Monmouth receives 4% as their signal fee (probably just 3%); and the day’s operating expenses plus overhead and fixed costs have not been considered.
Do you really believe that even 8,000 people will be on-track, and that the average amount wagered by all bettors will be $200?
Mr. Kulina is dreaming; he does employ an accountant, doesn’t he?
11 Mar 2010 at 03:18 am | #
JP,
One thing that might improve attendance would be for the track to share any success with its on-track patrons by reducing on-track takeout as handle increases on a weekly basis.
For example, if handle from the first week were on target for meet profitability, on-track payouts on straight wagers the second week would include a 2% bonus. If handle from the second week showed even further progress, the on-track bonus would increase by 1%. And so on. Such an incentive might eventually fill the grandstands each weekend.
Similarly, if all-sources support for the Pick Five pool showed progress, direct takeout for the wager could be incrementally decreased for all pool participants on following weeks. And so on for other exotic wagers.
11 Mar 2010 at 04:31 am | #
Thanks, gents.
Indulto, like your plan for reducing takeout by incentivizing players to play. But given this is a one-shot deal for Monmouth, they might not be able to invest the time to hope that volume will grow. But a good idea for all tracks to think about in a competitive simulcasting space. Hopefully, they won’t wait too long.
I’ve forgotten about their Pick 5. What an excellent place to experiment with an uber-low takeout. How about low enough just to cover expenses and make it worthwhile for signal takers. What is that number, 10%, 12% maybe, 15%? Make players look at your races, would be the goal. Curious to see what happens re; this.
JP
11 Mar 2010 at 04:41 am | #
JP:
Although the numbers might seem suspect now, this innovative idea might just work because of other revenue sources it might stimulate (like race sponsership and purse contributions) among others.
If Monmouth Park is the place to be and offers “FUN” for the bettor/horseowner/fan, I think it might just work because it is something that’s NEW and EXCITING. As a horseowner, I will certainly support this meet and the track’s leadership who is taking a shot to improve their product. I am talking to various CA trainers who will race at this meet because who wants to race on the POLYCRAP at DEATH MAR???
Give it a chance JP and let’s see if Kulina can make the numbers work. It’s worth a try because NEW IDEAS ARE NEEDED TO SAVE QUALITY HORSERACING IN THE US!!!
11 Mar 2010 at 04:53 am | #
John:
At least New Jersey has a governor. We have an accident of history who will be lucky to have a job next week.
New York racing is on life support. Where are the calls for reformation? The slot machines at Aqueduct are a distant pipe dream. Its truly amazing that every state has been able to implement an OTB and slots program while New York remains a four-decade example of total incompetence.
Its nice that Jersey is attempting to solve its problems. While we are just waiting for the inevitable indictments and the ultimate guillotine.
Please, John, do something. It is not just Saratoga that is on the line this time.
11 Mar 2010 at 04:54 am | #
JJ,
More than willing to give it a chance; stated so in the original Wednesday piece (see Pricci column). Unfortunately, a few of HRI’s sources are closer to the inner workings than I am.
I do believe theit model can be a template for the future: Contract before the market forces you to contract: less it more, etc., etc.
I’m sure the racing office at Monmouth will be happy to hear that you intend to support their meeting. I’m sure you’ve heard we have an ocean on this side of the country, too. Good luck.
JP
11 Mar 2010 at 05:14 am | #
I’m rooting for the Monmouth plan to succeed. Monmouth, along with Saratoga, are my two summer “happy places” ... Saratoga because of the wonderful area, rich history, and perceived quality, and Monmouth because of its homey feel and, well, because I’m from South Jersey.
What would add the topping would be reduced takeout and, maybe, having Greenwood step-up to run a boutique meet at a renovated Atlantic City.
11 Mar 2010 at 05:28 am | #
Paul,
Thanks for the confidence but this game wears you out; feel like I just keep spitting in the wind. It’s quite amazing to me, even at this stage, how shameless politicians really are.
Harry,
I’m with you. And would love to go to AC for some racing; such a neat little place.
Thanks gents.
11 Mar 2010 at 05:37 am | #
The plan will be a colossal failure for the following reasons:
1-$80,000 purse for a maiden race?. Great for the owners, but it’s still a bunch of maidens running, right?
2-So players are going to shift their betting dollars from Belmont/Saratoga/Del Mar and bet Monmouth Park instead? To a small degree, perhaps. But as JP noted, people are creatures of habit and are likely to stick with the tracks they play now. I do not believe handle will increase significantly.
3-There are only so many “good” horses. So owners/trainers are going to ditch Saratoga and flock to Monmouth? For certain races/spots, yes. On a day to day basis?? No. The prestige of Saratoga isn’t going away and most horseman/owners will continue to run the bulk of their horses there.
I believe the answer to JP’s last question is:
Governor Christie has given the industry enough rope to hang itself.
We shall see.
11 Mar 2010 at 05:45 am | #
I’m with wmcorrow, the numbers just don’t add up--particularly in this economy. The governor and NJSEA should be able to see that. Of course when the plan fails they will be the first to say “at least we tried”. Thoroughbred racing begs for some real leadership. Instead we get individuals who couldn’t lead a one horse parade.
11 Mar 2010 at 05:55 am | #
JP,
One thoguht here, this coming after my having spent more time them I want to admit involved with the dysfunctional family known as NJ. A novel concept that on first reading hasunique possibilty of working.So yes, it is worth looking at. However, I still see the one thing that will send it to it’s doom as has been the case there since day one. The state, thru the Sports Authority will still in effect own and run the tracks. As wm said straight off, where is this purse money going to come fro? In Jersey it is as always the only obvious answer. The taxpayer. I believe we need to learn from history, but unfortunately that usualyy is not the case with the human subject. We keep making the same mistakes. And as long as the tracks there are owned and run by the state, they will keep making the same mistakes.
11 Mar 2010 at 06:22 am | #
Maybe I’m spoiled but I want my Big M t-breds in the fall. Monmouth Park is a spring/summer track. It is not a fall racing venue. That’s why we have The Meadowlands after the harness season is over in August. I visited MP twice last September. For a moment I thought I was at
Aqueduct with the sparse attendance.
11 Mar 2010 at 06:38 am | #
Anyone who would seriously root for Monmouth to fail this summer is the kind who would cut off their nose to spite their face. These are the same people who think 10 races a day, six days a week, nine months a year is either still a viable option or necessary regardless of how unpopular it is with the general public. I place the blame on racing’s continuing demise squarely on those with such a mindset.
Average daily handle will be significantly higher at Monmouth this year, not necessarily because of the quality of racing on offer but because the figures will not include the relatively slow days of Wednesdays and Thursdays. Average daily handle was $3.1 million last year—I wonder how much higher it was when only Fridays thru Sundays are computed.
Aside from a needed reduction in takeout rates, other things that would help Monmouth this year include:
*an expanded presence on TVG (on-site coverage everyday, more emphasis on their races).
*favorable weather (keep turf cancellations to a minimum whenever possible).
I’m not a big bettor by any means, but for the first time in my life I’m going to be concentrating on Monmouth this summer. I want this concept to succeed and I will do my small part to make it happen. I refuse to bet the Aqueduct inner dirt meet for the opposite reason—I want that to fail.
I agree bettors are creatures of habit as I tend to track handle figures on various circuits and am puzzled why some signals remain popular. But as the successful example of Tampa Bay Downs shows, anything is possible.
11 Mar 2010 at 06:44 am | #
Patrick:
The success of Tampa does show anything is possible. But--that success evolved over several years.
Gov Christie indicated this is a one year experiment. It’s unlikely, handle will increase significantly enough in the first year to satisfy the powers that be.
11 Mar 2010 at 10:31 am | #
“… Monmouth should have little problem improving its live gate, drawing fans and bettors from the densely populated metropolitan area while New York’s horses are in Saratoga.”
Yo, people are betting on the internet
not taking the train anymore!
Saratoga is mentioned in every book.
http://www.clockerbob.com/chapter2.html
Frenchy Schwartz
The first of my twenty consecutive horse racing summers at Saratoga, in upstate New York, ended with Ruffian’s Spinaway Stakes win on Friday and Foolish Pleasure’s Hopeful Stakes win on Saturday. Yet, it was the warmth exhibited by the people of Saratoga, the spring waters, the trees, the pizza, the sweet corn, the Hand melons, the Philly Orchestra, ascending the creaky wooden clubhouse stairs days before the race meet is to open to see that hedged grass course; that kept me heading back. For a gambler, horse racing is a hard game to find warmth in.
11 Mar 2010 at 10:51 am | #
I don’t know what unique insight “highly placed (anonymous) industry sources” have in the matter. They remind one of many a poster who seem to want to kill any new idea in its tracks. Obviously, doubling the handle figures to be a tall order, but we don’t know what these cards are going to look like. And I think they could do a lot better attendence-wise than many might think. I just hope they don’t wimp out on what is a bold experiment. How about a $1 pick six with a 50K guarantee and 15% takeout to go along with the 15% take pick 4 and 5? And how about free admission?
11 Mar 2010 at 11:31 am | #
Monmouth will have a good chance of pulling this off. As a Owner, I’ll go where the money is! Simulcast players are going to bet on the best horses in the most competitive races. There is little doubt that Saratoga is going to suffer due to this move by Monmouth. Saratoga is going to have a very difficult time maintaining their existing purse structure which is 25% short of Monmouth’s plan. Monmouth will add a few extra races and will attract a significantly larger on track attendance. Very hopeful that Monmouth is succesful as this move from quantity to quality is racing’s future......if there is to be a future?
11 Mar 2010 at 12:05 pm | #
I will certainly be following Monmouth this May. I hope they do well. What I don’t think is going to happen is a big increase in on-track attendance. MP is a nice place to visit and the racing has always been pretty good, it there really a crowd of people out there waiting until the purses were raised before they come out?
11 Mar 2010 at 12:26 pm | #
You’re dreaming if you think this will be a success.
Attendance/handle won’t rise nearly enough to justify the increase in purses.
11 Mar 2010 at 12:26 pm | #
What Forbes, Ryerson & Fred Maffeo (WHO?!) do not and never will realize is that they came about one inch to the moment when Christie would have just shut the place down.
How these these obtuse relics of yesteryear can walk through a deserted racetrack while it’s catering to its last remaing 200 fans - and not notice that they’re in trouble - explains why they actually thought they had a shot at being “dissenters.”
11 Mar 2010 at 12:33 pm | #
1. On track handle will NOT increase that much, definately NOT enough to make a difference
2. Off track should increase by alot, HOWEVER that does not help monmouths bottom line (3-4%) as much as will be neccessary to offset the increase of $1 million a day giveaways
3. think this a better move for the rest of the industry, as they can use monmouth as a test lab and if works they can adjust their schedules in the future and if it blows up, as i expect it will, monmouth will be closed and the competition becomes less....a win-win for them and the risk/reward seems way out of whack for monmouth park… as we saw with racinos , once those who were against them realized that the early racinos were life savers, they jumped on board and now just about everyone has a racino and the early advantage has been lost
4. looking forward to sitting in the box seats for the november cards...cant wait !
11 Mar 2010 at 01:55 pm | #
Give us 10-12 horse fields every race or don’t bother. Alw800004x with 6 horses is high quality, but a waste of money. Grow field size to grow handle (see TAM and OP and EVD, for that matter).
11 Mar 2010 at 03:04 pm | #
I agree with wabstat—big fields or don’r bother. MTH should only pay the inflated purses when fields are full, and decrease purses accordingly for each empty startuing gate stall. How many substitute races will be defined for each card?
How WILL they handle cancellations due to weather?
11 Mar 2010 at 04:04 pm | #
Yes, the handle projections are optimistic, but you do need to add in the revenues they receive from simulcast wagering in the building during the other 315 days of the year. Also, is there still simulcast betting on thoroughbreds at Meadowlands and, assuming there is, where is that money going? Hopefully to Monmouth purses.
11 Mar 2010 at 04:08 pm | #
JRP- I believe the pick 5 take is already at 15%, as is the pick 4. Best deal in the game IMO.
Enjoy your work. Most frank discussion in the game.
11 Mar 2010 at 07:18 pm | #
Slots are a no-no in KY but a concrete life preserver in the form of Instant Racing machines with a 18.5% take (LMAO) is THE ANSWER passed by the political machine to combat slots in neighboring states.
One more instance of politicians screaming how STUPID they think the wagering fan is. I can see it now. Hundreds of thousands of fans leaving their slots that return 95% to the players for KY racing time machines in that return 81.5% to the players. Insult to injury, extra .5% tax for any from KY that dare wager using ADW’s.
Maybe all those jokes about the inbreeding are true.
On his wedding night a young KY politician calls his pa to tell him he shot his new bride because she’s still a virgin. “Damn it, Joe Bob, why you’d do that for?” asks the father. He answers, “Pa, if she ain’t good ‘nuf fer her family, she ain’t good ‘nuf fer ours!”
Good luck, NJ… Lol… Read on…
KY Racing Aid Bill Called ‘Life Preserver’
Tom LaMarra at http://WWW.Bloodhorse
Updated: Thursday, March 11, 2010 6:30 PM
Posted: Thursday, March 11, 2010 5:03 PM
Legislation authorizing Instant Racing, a tax on advance deposit wagering, and a reduction in the pari-mutuel excise tax sailed through the Kentucky Senate Committee on State and Local Government March 11 and heads to the full Senate, where it’s expected to pass.
The bill, offered by Republican Sen. Damon Thayer, who chairs the committee, is a revision of legislation passed by the House of Representatives that dealt only with the ADW tax. Thayer’s bill passed on a vote of 11-1.
If the bill becomes law, it’s unclear how much revenue will be raised for the struggling horse industry in Kentucky. Proceeds won’t be anywhere close to the minimum of $100 million expected for purses from video lottery terminals or slot machines.
“This proposal will be of some help to the racing industry,” said Democratic Sen. Julian Carroll, who voted for the measure. “It will increase purses some, but 5% really won’t do us any good. We need to double purses to compete with Pennsylvania.
“Obviously, this was thrown at me today, but I’m going to support it. If someone is drowning, we need to throw them a life preserver, but (with this legislation) I think we’re still leaving them in the water.”
The committee meeting was called during the regular March 11 Senate session, and took place after the Senate adjourned for the day. During the session, the Senate passed a breed development bill that included provisions for a Breeders’ Cup tax exemption should Cup officials announce before Nov. 4 they plan to return in 2011 or 2012.
Instant Racing machines are pari-mutuel in nature because the outcome of the games is based on previously-run races, but they closely resemble VLTs with some of the bells and whistles. An attorney general’s opinion said they could be legalized simply by changing the pari-mutuel law.
Thayer’s bill calls for a minimum of 81.5% of money wagered to be paid to players, and mandates 1.5% would go toward the state’s equine breed development programs. Assuming tracks pay the minimum to players, 17% would be left, but the bill doesn’t say how that money will be spent.
After the vote, Thayer said racetracks and horsemen’s groups would have to negotiate percentages for the tracks, which must purchase the machines and construct facilities, and for regular purses. It appears the amount paid to purses could vary by track, and could range from zero to 17%.
“The bill assumes the tracks, (Kentucky Horsemen’s Benevolent and Protective Association), and (Kentucky Thoroughbred Association) will get together and negotiate,” Thayer said. “The tracks will have some up-front costs.”
The state will get nothing from Instant Racing or the ADW tax, which was increased from 0.5% in Clark’s bill to 1.5% in the new measure. In another change, all revenue from the ADW tax would be funneled to the Kentucky Thoroughbred Development Fund, which pays purse supplements for Kentucky-bred horses, and the Kentucky Standardbred Development Fund.
Thayer said revenue projections are hazy, but if Clark’s plan would have produced $400,000 a year, the 1.5% tax could produce $1.2 million a year.
The excise tax reduction on live on-track handle would set the rate at 1.5% for all tracks rather than 3.5% for some and 1.5% for others.
Democratic Sen. Ed Worley, who voted in favor of the bill, said he expects Democrats will support it. In his comments after the vote, he indicated it’s highly unlikely racetrack VLTs or slots have any chance to pass during the current General Assembly session.
“Sen. Thayer has worked to come up with an alternative and something passable,” Worley said. “I’m supporting the bill so we can help it to happen.”
In other details, the bill states all ADW providers that take bets on Kentucky races must be licensed by the KHRC. In addition, in order to accept wagers on the Kentucky Derby Presented by Yum! Brands (gr. I), Kentucky Oaks (gr. I), and Breeders’ Cup World Championships when they are held in Kentucky, an ADW must accept wagers on all Kentucky races.
Racetracks didn’t oppose the 0.5% tax in Clark’s bill, but their position on a higher tax wasn’t immediately known.
All eight licensed tracks in Kentucky could offer Instant Racing which, according to a summary provided at the committee hearing, generated $190 million in handle at Oaklawn Park in Arkansas in 2009. Oaklawn is fairly isolated and doesn’t have the casino competition faced by most Kentucky tracks.
Instant Racing handle in Kentucky will depend on how well the devices are received in a market with easy access to full-scale casino gambling. It also remains to be seen whether the tracks will be willing to invest in capital improvements to accommodate the machines.
Thayer has authored legislation calling for a constitutional amendment on racetrack VLTs, but he hasn’t yet brought the bill before his committee.
11 Mar 2010 at 07:22 pm | #
My bad. This latest bill has increased the ADW tax to 1.5%… What will they think of next???
11 Mar 2010 at 07:52 pm | #
NJ is going to attract more than just a few NY horses. PA and WV have their share of NY horses already.
It is a coin flip as to whether any will be left in NY at all when OTB folds and tracks start closing. It took ten years and the final government decision was “no decision"… Let me see a show of hands. How many believe NY has another ten years to argue about it??? Yeah. I don’t either!
News to the point…
BloodHorse.com Breaking News
AEG Out as Casino Operator at Aqueduct
New York officials have scuttled the deal with Aqueduct Entertainment Group to develop a sprawling casino at Aqueduct racetrack, leaving an uncertain future over when the project will ever take shape.
For more information go to http://www.bloodhorse.com/horse-racing/breaking-news/55832
OTB folds next, NYRA after that.
Waiting to see if KY tries to tax everyone who uses XpressBet, Twinspires and Youbet because of CDI/KY based ownership. They just can’t seem to kill the industry fast enough…
11 Mar 2010 at 10:58 pm | #
I’ll say this. I live 55 miles from Monmouth and usually go once or twice a summer. Not this year.
I expect to be there a dozen days this summer. If I can’t support the idea of big, quality fields over a quantity of the exact opposite, I deserve to lose racing in my home state. I have had enough of endless weeks of weekday cards at Monmouth where I couldn’t find two key horses with your money. Weekday cards that offered no justification to leave my house and the convenience of playing at home.
It’s a great idea and one that is long overdue. I’m ready to enjoy live racing again in NJ. I just hope the horsemen are as pumped as I am.
12 Mar 2010 at 02:41 am | #
A bit of false advertising this million dollars a day in NJ. The $50 million is the TOTAL for the boutique meet (50 days ~800k daily), the short meet (21 days ~300k daily), the breeders awards program, the stakes schedule, and maybe even marketing dollars. The silver lining in these numbers is that the handle projections don’t need to be as high to recapture these purses. I also understand that out of money finishers will get significant payments, perhaps as much as $2,000. This would virtually insure large fields on a consistent basis, which bettors will love. The exotic betting payoffs will be terrific.
12 Mar 2010 at 08:05 am | #
I’ve been enjoying the frank and honest discussions generated by Monmouth Park’s new meet. Last year’s attendance was up 6% solely on the basis of some key events that may not even hit the radar of those that are out of state. This year three new events are planned that are sure to bolster attendance and as you all know, there are additional revenue streams for the track beyond the handle that credit towards a successful meet:
-Munchmobile Hot Dog Showdown featuring Brats, Burgers and Beer Saturday, May 29 & Sunday, May 30
-Jersey Shore Jazz & Blues Festival Saturday, June 5 & Sunday, June 6
-Win & Wine Weekend Saturday, June 12 & Sunday, June 13
This is in addition to the Shore Chef Crab Cake Cook-Off (8/21 & 8/22) and BBQ & Craft Beer Fest (9/4 & 9/5) that both pulled in over 24,000 in attendance in 2009.
While racing finally can bolster our wagering product, the strategy for the past couple of years has been also to bolster the offerings to the casual attendee and work on developing new fans through new events.
We always welcome new ideas at Monmouth Park and we do our best to keep an eye on the comments coming in through different blog postings.
Happy Racing!
Sophia Mangalee, Marketing Manager, Monmouth Park ()
13 Mar 2010 at 10:26 am | #
Hey Sophia Mangalee, do you want to increase attendance at the park. Here’s my suggestions.
FREE PARKING. You used to have FREE PARKING and now you charge to park. WHY???
Here’s my next suggestion. FREE ADMISSION
The same year you started charging to park our cars, you raised the admission price. WHY?
The casinos in NJ don’t charge you to come in and gamble. Why do you?
If you have a players card, the casinos don’t charge you to park. Why do you?
Think about it. FREE PARKING AND FREE ADMISSION
One final comment. I now do all of my wagering on line instead of paying parking and admission.
15 Mar 2010 at 03:53 am | #
Hi Bill,
Thanks for the response. I welcome you to email if you’d like to move further discussion off the comment board. But in response to your suggestions, there is an area for free parking in addition to the paid lots. And we also give away our Miller Lite Monthly Grandstand Pass where you pay once for the month and get the entire month of admission free.
Our admission prices were $1.60 in 1946. We’ve increased prices all of $1.40 in 64 years. Hardly in line with the rate of inflation and overhead costs. If we charge admission, it also allows us to give it away with coupons that provides valuable tracking, as well as something of “value” that we can offer. Big M members above a certain wagering point also receive free admission. I’d be happy to send you our Miller Lite Pass this year if you find the admission to be a major obstacle to your attendance at Monmouth Park.
Sophia Mangalee ()
18 Aug 2010 at 08:28 pm | #
We have a debate whether Monmouth Park will survive as a new racing track - more “no’s” than “yes’s” I must say!! But I firmly believe that we must I a go and co-operative as much as we can to make it a viable and successful event. Imagine the difference it would make to Monmouth and to track-racing if it turns out to be a success! As rightly, said, we are all creatures of habit but it’s high time that we take the risk and do something different!!
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