California Chrome And Belmont Stakes Cost New York Taxpayers A Bundle
California Chrome may be a sure thing to win today’s Belmont Stakes and become the first horse since Affirmed to win horse racing’s triple crown. And capturing the triple crown will mean a big money for the owners of the horse, Steve Coburn and Perry Martin. But for New York State taxpayers horse racing is a losing bet. The New York State Racing Association, a non-profit arm of the state, runs three horse racing venues: Belmont Park, Aqueduct Racetrack and Saratoga Race Course.
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