The historic Freehold Raceway in New Jersey, known for harness racing for over a century, is set to close at the end of the year. The closure announcement has sparked a lawsuit from the Standardbred Breeders and Owners Association of New Jersey, claiming that the racetrack’s owners have breached contracts and are withholding revenue from sports betting.
The association is seeking damages and a court order to force the racetrack’s owners to improve conditions, prevent state subsidies if the track closes, and award damages. The lawsuit alleges that the racetrack’s owners failed to maintain the facility, avoid sharing sports betting revenue, and broke a revenue-sharing deal related to sports betting. It also claims that the sudden closure in December will result in a loss of revenue for horse breeders and racers.
The legal battle sheds light on how the legalization of sports betting has impacted horse racing in New Jersey. The lawsuit highlights allegations of neglect, withholding revenue, and violating agreements, which the horsemen association claims has jeopardized the future of the Standardbred industry in the state.
The racetrack and its owners have not responded to requests for comment on the lawsuit. The horsemen association believes that the closure of Freehold Raceway and the ongoing legal battle may have long-term consequences for the industry in New Jersey.
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