June is the Month of the Horse, according to a proclamation signed by Gov. Phil Murphy. The horse is also the state animal, and the head of equus caballus is part of the state seal.
According to the United States Department of Agriculture, there were 27,658 horses in New Jersey as of 2017.
A 2007 study prepared by Rutgers University reported that the equine industry had a total economic impact of $1.1 billion annually and created nearly 13,000 jobs. It paid an estimated $160 million federal, state, and local taxes.
A bill (S-2602) approved by the Senate Budget and Appropriations Committee yesterday would “put in place the regulatory framework needed to allow casinos and racetracks to start taking bets on professional sports competitions and college events that don’t take place in the state or include a New Jersey team,” according to the press release.
“Sports betting is a major step forward for horseracing in New Jersey, providing a significant financial boost to an industry that is so important to the state,” said Senator Vin Gopal (Monmouth). “The thoroughbred industry, horse farms and horseracing have long been an important part of the state’s economy, quality of life and our identity.”