top of page

Lawmaker says racing industry will lose money if resolution stands

By The Star Staff

Rep. José Aponte Hernández predicted Tuesday that the Puerto Rican equestrian industry will lose about $40 million if Resolution CJ-21-10, which was approved by the island Gaming Commission at the request of the Camarero Race Track, and which increased the cost of the “Pick 6” wager from 25 to 50 cents, is not immediately canceled.

Aponte said last Saturday alone over $100,000 was lost in horse racing wagers due to the resolution.

The veteran New Progressive Party lawmaker made it clear that next Monday he will be filing a resolution to investigate the “true” reasons behind the increase.

“According to the information we have received, since this Resolution was initiated on Nov. 1, which was promoted by the racetrack, with the objection of all other components of the equestrian industry, the wagers in horse racing have dropped dramatically by over $524,000,” Aponte said. “If the month continues without eliminating that provision […], the industry is poised to lose about $3 million in the month and over $40 million in a year. That’s unacceptable.”

Aponte stressed that it is believed that the “great” reality of Resolution CJ-21-10 was to further promote the use of the video gaming system, the so-called “little machines” that the racetrack operates in equestrian agencies around the island.

“On Monday we will be filing the research resolution, which I believe will have other co-authors, to begin the process of reviewing the real reasons behind this increase […],” he said.

17 views0 comments
bottom of page