Race tracks typically pay out more than 80 percent of the money bet on horses.
Generally, they pay out 5 percent to 7 percent, he said.
The owners have said they will pay out 53.5 percent, with the figure reduced to 52 percent in future years.
Atlantic City casinos are required by law to pay out at least 83 percent of their revenues.
Race tracks typically pay out 85 percent of the money bet on horses.
By law, it must pay out at least 5 percent of its assets each year - about $75 million, thanks to last week's gift.
Many insurers, however, pay out 40 percent or less.
By comparison, term life policies often pay out 50 to 75 percent.
New York requires insurers to pay out 75 percent of mortgage life premiums.
Under current projections, by 2037 it will be able to pay out only 75 percent in benefits.