TRENTON, N.J. – The horse racing industry's focus will be on New Jersey this weekend, as Triple Crown winner American Pharaoh runs in the $1.75 million Haskell Invitational at Monmouth Park.
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But the big race isn't expected to provide much help overall for the problems plaguing the industry in the state, where attendance and betting have been falling.
So how did a once vibrant, thriving industry become so troubled?
Many believe it started when the state got out of the horse racing business a few years ago.
The state stopped enhancing purses in 2010. The total purses paid dropped from $47.5 million in 2010 to $22.7 million in 2013, and total wagers dropped from $480.7 million in 2010 to $266.4 million in 2013.