MA Allots More Funds For S-Bred Racing

It has been reported this week that changes in the way Massachusetts distributes revenue it rakes in via slot machine taxes will provide a financial boost to the state’s harness racing industry.

An article by The Sun Chronicle explains that the state horse racing committee has voted to increase Plainridge Park’s share of the tax revenue.

The article states that the increase will see the track receive 55 per cent of the tax revenue, up substantially from 25 per cent.

The article has quoted Stephen Crosby, the chairman of the gaming commission, as saying that the move is a “huge shift.”

The Sun Chronicle piece cites an estimate as saying that the hike in percentage could lead to additional $4 million in annual revenue being available.

(With files from The Sun Chronicle)

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