NJ: Racing commission hoping to ‘jump start’ building of new OTBs in state
On Wednesday, the New Jersey Racing Commission passed rules that would hasten the development of new off-track wagering facilities in the state.
According to a report by the Daily Racing Form, the right to open new betting parlors is currently divided among racetrack license-holders in the state. Altogether, there have just been four OTBs opened, despite there being licenses for as many as 15.
Under the new rules that were adopted on Weds., track operators will need to submit paperwork to the racing commission by June 28 identifying locations for at least one new facility each. Those facilities will have to be fully licensed and open by Dec. 31, or the license will be transferred.