After hosting its final race on the last weekend of 2024, America’s oldest horse racetrack is shutting down. Freehold Raceway in New Jersey, co-owned by Penn Entertainment, has been unable to secure a casino for years and has struggled with decreasing attendance and revenue like many other tracks across the country. With over 170 years of history, the closure was announced by Howard Bruno, the racetrack’s general manager.
Despite this setback, there is optimism among industry insiders, investors, and fans that horse racing in the U.S. could experience a revival. This potential resurgence is attributed to growing investor interest, advancements in the sport, and the rise of legal online sports betting.
Witnessing events like a reverse race with horses pulling sulkies at Freehold Raceway back in 1930 showcases the rich history of harness racing at this iconic venue.
Published: 2024-12-31 16:12:21
Source: www.cnbc.com
