Audit: Millions in thoroughbred racing fund

A recent audit of the Massachusetts Gaming commission found millions of dollars in revenues from the state’s casinos piling up in a racing fund meant to support thoroughbred racing, according to the auditor’s office.

“Our audit makes clear the Commission should bring all relevant stakeholders to the table to consider the Race Horse Development Fund’s most effective use,” State Auditor Suzanne Bump said.

With no thoroughbred horse races in Massachusetts since June 2019, the thoroughbred purse money has been accumulating with no ability for it to be spent.

As of the end of August, the fund had a balance of more than $20.53 million.