Published: Sep. 19, 2024, 1:49 p.m.— the oldest operating racetrack in the country — is ceasing all live racing and simulcast operations at the end of the year, racetrack officials announced Thursday.
“This was an extremely difficult decision, especially given the historical importance of Freehold Raceway to the local community and the New Jersey horse racing industry,” said Howard Bruno, the raceway’s general manager. The remainder of the approved live racing schedule for 2024 will be completed, officials said. Daily simulcasting will continue until the closure date in December.
Employees will be paid severance, including compensation as required by the state and any applicable collective bargaining agreements, track officials said.Local officials heard “persistent rumors” the raceway was in trouble, but the rumors weren’t confirmed until Thursday, the mayor said in a statement.