Officials with the Meadowlands Racetrack have announced that the ‘Mecca of Harness Racing’ has experienced a sizable increase in wagering, as the track recently crunched its numbers for the first quarter of 2019.
The Meadowlands Racetrack has seen a 28 per cent increase in all-sources wagering on its live racing product over the first quarter of 2019 versus the 2018 figures.
Thus far in 2019, the amount wagered on Meadowlands races, both live in the building and on the exported signal, is $73,429,590 compared to $56,969,899 over the first quarter of 2018.
Further broken down, the handle increase in the live on-track is at 15 per cent, while the exported signal is 30 per cent higher than last year.
"We believe that the purse subsidy has had the positive effect on handle that we expected,” said Meadowlands Chairman and CEO Jeff Gural. “Hopefully the positive momentum we have established will continue as we enter the next phase of the racing season with the younger horses coming back followed closely by the Grand Circuit stakes season."
(Meadowlands Racetrack)