The ‘trickle-down economics’ of horse racing

The ‘trickle-down economics’ of horse racing

By Published On: December 14th, 2021Categories: Capitol Pressroom

Dec. 14, 2021 – New York’s thoroughbred and harness racing industries – everything from the tracks that host races to the connected professions – would look dramatically different without funding from casino operations all over the state, which are used to augment capital spending at tracks, purses for the winners, operating expenses and breeders. Jeff Cannizzo, senior director of government affairs for the New York Racing Association, the single largest beneficiary of this dynamic, joins the show to make the case for upholding the current arrangement and argues against diverting any of the gambling revenues that flow to horse racing.

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