Monmouth Park in Oceanport, N.J., will continue to receive a $10 million annual purse subsidy through 2029 under a bill passed unanimously by both houses of the state legislature and signed by Gov. Phil Murphy on Friday.
The $10 million subsidy has been a critical lifeline for Monmouth since first authorized in 2019. The grant typically comprises about one-third of the total purse distribution at Monmouth, a seaside track that remains a popular destination in the racing world.