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1204_nyra
The horses are in the black.
For the first time in 13 years, the New
York Racing Association expects to end
the year in the black, with a $1.5 million
surplus from its races and other
operations.
And next year, they are projecting a
$2.1 million surplus, although there will
be slightly fewer race days and fewer
horses in those races, thanks to a
national trend.
Members of the NYRA board learned of
the surplus Wednesday as they outlined
next year's $154 million budget.
Part of the turnaround is due to ongoing
cost cutting and some admission
increases such as the $2 hike -- from $3
to $5 for general admission at the
Saratoga Race Course last summer.