A coalition has been formed to show support for horse racing in New York.
We Are Horse Racing is composed of small businesses, unions, nonprofits and trade organizations.
The coalition aims to educate New Yorkers about the importance of the sport and industry to the state’s economy.
Concern Over Horse Racing’s Long-Term Viability
The future of horse racing has proven to be a significant topic within the industry. Race track officials have continued to express concern over the viability of the sport long-term. Attracting the younger generation has proven difficult.
The NY Racing Association is also involved in a legal battle on multiple fronts with trainer Bob Baffert. The NYRA seeks to ban Baffert from its race tracks. The battle follows Baffert’s Kentucky Derby-winning horse Medina Spirit being disqualified for testing positive for a banned steroid.
In The Short-Term, Sport Is Making Money
Nevertheless, Saratoga Springs produced a record handle of $805.5 million this summer. Likewise, the Belmont Stakes also generated a record handle for a non-Triple Crown year ($112.7 million). A 2018 study said horse racing in New York is responsible for 19,000 jobs and $3 billion in annual economic impact.
State Senator Joe Addabbo is also seeking to include horse racing on all legalized NY sports betting apps.
“We Are NY Horse Racing will engage in a number of activities moving forward, including events, paid media and other efforts directly related to educating and informing New Yorkers about the importance of horse racing to the New York economy,” the release said.
