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Jersey Racing Revenue To Fall Short of Mark MarkIncreased Increased Take Has Resulted In 4528 More Per Day to State StateCAMDEN CAMDEN N X May 1 New Jerseys increased taxation of horse racing will fall short of raising the additional 5000000 in state revenues anticipated by the legis ¬ lature when passing the law Garden State Parks second payment tc the state racing commission revealed today todayInstead Instead of a spectacular skyrocketing of state income predicted in the legislature the heavy additional taxes a 2 per cent increase in the parimutuel bite and breaking to a dime instead of a ruckle is averaging only 4528 more per day to the state stateAttendance Attendance and mutuel figures have slumped badly tmder the new law With the law calling for the tracks to make set ¬ tlement every seven operating days the second payment at Garden State Park fol l lowed the example of the first and showed a decline under 1947 figures figuresThis This year the state received 46578420 uymutuel contmission and 12393038 in breakage during the second sevenday pe ¬ riod for a total of 58971458 During the corresponding period of 1947 the state got 41374096 in commissions and 86 00955 in breakage for a total of 49971458 49971458The The total mutuel handle during the sec ¬ ond sevenday cycle flus year was 7763 070 as compared to a comparative handle of 10343524 in 1947
