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                                                                    EXHIBIT 31.2

Mid-State Raceway, Inc.

Certification of Treasurer and Chief Financial Officer

I, William B. Thornton, certify that:

1.       I have reviewed this annual report on Form 10-K of Mid-State Raceway,
         Inc. and Subsidiary;

2.       Based on my knowledge, this annual report does not contain any untrue
         statement of a material fact or omit to state a material fact necessary
         to make the statements made, in light of the circumstances under which
         such statements were made, not misleading with respect to the period
         covered by this annual report;

3.       Based on my knowledge, the financial statements, and other financial
         information included in this annual report, fairly present in all
         material respects the financial condition, results of operations and
         cash flows of the registrant as of, and for, the periods presented in
         this report;

4.       The registrant's other certifying officer and I are responsible for
         establishing and maintaining disclosure controls and procedures (as
         defined in Exchange Act Rules 13a - 15e and 15d - 15e) and internal
         control over financial reporting (as defined in Exchange Act Rules 13a
         - 15f and 15d - 15f) for the registrant and have:

         a.       Designed such disclosure controls and procedures, or caused
                  such disclosure controls and procedures to be designed under
                  our supervision, to ensure that material information relating
                  to the registrant, including its consolidated subsidiaries, is
                  made known to us by others within those entities, particularly
                  during the period in which this report is being prepared;

         b.       Designed such internal control over financial reporting, or
                  caused such internal control over financial reporting to be
                  designed under our supervision, to provide reasonable
                  assurance regarding the reliability of financial reporting and
                  the preparation of financial statements for external purposes
                  in accordance with generally accepted accounting principles;

         c.       Evaluated the effectiveness of the registrant's disclosure
                  controls and procedures and presented in this report our
                  conclusions about the effectiveness of the disclosure controls
                  and procedures, as of the end of the period covered by this
                  report based on such evaluation; and

         d.       Disclosed in this report any change in the registrant's
                  internal control over financial reporting that occurred during
                  the registrant's fourth fiscal quarter that has materially
                  affected, or is reasonable likely to materially affect, the
                  registrant's internal control over financial reporting, and

5.       The registrant's other certifying officer and I have disclosed, based
         on our most recent evaluation of internal controls over financial
         reporting , to the registrant's auditors and the audit committee of
         registrant's board of directors (or persons performing the equivalent
         functions):

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Mid-State Raceway, Inc.

         a.       All significant deficiencies and material weaknesses in the
                  design or operation of internal controls over financial
                  reporting which are reasonable likely to adversely affect the
                  registrant's ability to record, process, summarize and report
                  financial information; and

         b.       Any fraud, whether or not material, that involves management
                  or other employees who have a significant role in the
                  registrant's internal controls over financial reporting.

Date: April 14, 2004
/s/ William B. Thornton
William B. Thornton
Treasurer and Chief Financial Officer