Thoroughbred Breeders’ Association of New Jersey
Monmouth Park Press Release
OCEANPORT, N.J. – Monmouth Park is set to receive the annual $10 million purse subsidy in 2027, thanks to the state budget signed by New Jersey Governor Mikie Sherrill late Tuesday night.
“We are grateful to the Governor and the entire legislature for recognizing how important horse racing is to New Jersey,” said Dennis Drazin, Chairman and CEO of Darby Development LLC, operators of Monmouth Park. “In addition to a personal thank you to Governor Sherrill, I want to thank Senators Vin Gopal and Paul Sarlo for their tireless work to support this industry and appreciating its impact across the State.”
In addition to its vital role of preserving farmland and the agricultural support services that come with it, horse racing in the Garden State provides an economic impact of over $4 billion, accounts for nearly 4,000 jobs, and provides over $75 million in tax revenues.
“As anyone in business knows, uncertainty is the enemy,” Drazin added. “With $10 million secured for next year’s purses, we can move on from uncertainty and continue to build a better industry and a better Monmouth Park.”
The 2026 Monmouth Park racing seasons runs through Sept. 13, with the highlight of the meet, the Grade 1, $1 million NYRA Bets Haskell set for July 18.