Friday, April 29, 2011
By Jim O'Grady
The New York MTA cut the service last year--except for one day in June--to help close a gap in its budget. That one day was the Belmont Stakes, the third leg of the Triple Crown, when tens of thousands flock to the track. Other than that, horse players were left to drive or take the bus.
But then the New York State Racing Association came into a windfall, which it is drawing on to pay for the restored train service.
The shift in the association's fortunes began when New York State shuttered its dozens of Off-Track Betting parlors in December. As a result, attendance at Aqueduct Racetrack, another local venue for thoroughbred racing, jumped by 50 percent — and the handle, or total amount bet on the races, was up 70 percent.
New York Racing Association spokesman Dan Silver said that has been good for the bottom line of his company, which gets 10 percent of all wagers made at the track — more than the 3 percent it was getting from bets made at Off-Track Betting.
Silver said he's expecting a similar surge in attendance at Belmont Raceway during the upcoming spring and summer season.
That's why the association stepped up last week and agreed to pay the $150,000 it will cost to restore Long Island Railroad service to the track. Silver said the investment is worth it to get more customers. Spectators who take the train to Belmont this weekend are getting free admission to the grandstand.
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