BOSTON (AP) – Like 16 other states in the nation, Massachusetts designates a percentage of gambling revenues generated at its casinos to support its flagging horse racing industry. Here’s a snapshot of the Race Horse Development Fund as of July 18, 2015, the most recent data available:
REVENUES:
Casino license fees: $8.75 million
Casino gambling: $1.5 million
Total revenues: $10.3 million
SPENDING:
Harness racing: $420,000
Thoroughbred racing: $1.3 million
Total payments: $1.7 million
BALANCE:
$8.6 million
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SOURCE: Massachusetts Gaming Commission
Copyright 2015 The Associated Press.
