new jersey sports betting

Report: New Jersey Sports Betting Up, Monmouth’s Share Down

The Daily Racing Form reported Wednesday that New Jersey spots betting figures rose from June to July, but as more sports books have opened, Monmouth Park has lost considerable market share. For June and July, $57.1 million has been bet on sports in the state, with $16.4 million wagered in June — marking a significant increase […]

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Report: New Jersey Horsemen’s Group Owes $30 Million To Monmouth Park Management Firm

According to a report in the Asbury Park Press, the New Jersey Thoroughbred Horsemen’s Association, which operates Monmouth Park, owes $30 million to the company it hired to manage the racetrack. The debt to Darby Development LLC grew by $5 million in both 2015 and 2016, according to public records cited by the newspaper. Still, […]

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Meadowlands Set To Open New FanDuel Sportsbook

Today, FanDuel Group, a leader in fantasy sports, online gaming, and television content, announced the grand opening of the first-ever FanDuel Sportsbook located at the New Meadowlands Racetrack. Open to the public on Saturday, July 14, at 11:00 am ET, FanDuel’s new 5,310 square foot sports betting retail location is adjacent to MetLife Stadium and is the closest in proximity […]

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Paulick Report 6/14 News Minute Presented By Woodbine’s North America Cup June 16

It’s been a banner day in New Jersey for advocates of sports gambling as Monmouth Park’s sports book opened for business. Plus, an unprecedented deal was announced today in Kentucky involving purses and horsemen. Those stories and more in today’s Paulick Report News Minute with Scott Jagow. Watch below.

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Monmouth Park Sports Book Opens; New Jersey Governor Places First Bets

The sports book at Monmouth Park racetrack opened for business Thursday, and New Jersey governor Phil Murphy kicked things off by placing the first sports bets since a Supreme Court ruling last month opened the door to states legalizing the practice. Murphy bet $20 on Germany to win the soccer World Cup, which kicked off […]

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Monmouth Park Operators Sue NFL, Other Sports Leagues Over Lost Revenue During Court Battle

The saga of sports betting in the U.S. took another turn Thursday, as the New Jersey Thoroughbred Horsemen’s Association, operator of Monmouth Park, filed a lawsuit against the four major sports leagues and the NCAA. The suit contends the leagues’ legal action to stop sports gambling in New Jersey cost Monmouth Park at least $150 […]

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TVG Parent In Talks To Buy Fantasy Sports Operator FanDuel

Paddy Power Betfair, European-based parent company of the U.S. racing network and advance deposit wagering company TVG, is in negotiations to buy FanDuel, the fantasy sports site based in New York. Discussions between the two companies was first reported by LegalSportsReport.com. In a subsequent statement published by LegalSportsReport, Paddy Power Betfair said: “Paddy Power Betfair […]

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Churchill Downs Inc. Partners With Golden Nugget, Targets Online Gaming, Sports Betting In New Jersey

Churchill Downs Incorporated (CDI) (Nasdaq:CHDN) today announced an agreement with Golden Nugget Atlantic City (“Golden Nugget”) to enter into the New Jersey real money online gaming (iGaming) and sports betting markets, subject to sports wagering legislation and gaming license approvals. CDI is targeting the first quarter 2019 to begin accepting legal wagers for iGaming and sports […]

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View From The Eighth Pole: Who Wins From Sports Betting?

We woke up in a different world today. Yesterday, outside of the state of Nevada, the only legal “sports” betting in the United States was on horse racing. Today, or more realistically in the coming months and years, Americans will be able to bet on baseball, basketball, football and hockey, among other sports. They’ll be […]

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In Wake Of Supreme Court Ruling, Monmouth Park Plans To Open Sports Book Soon

After nearly seven years of legal wrangling, Monmouth Park Racetrack has won its right to sports betting after the Supreme Court announced this morning that the Professional and Amateur Sports Protection Act (PASPA) is unconstitutional. “This is the culmination of the hard-work and dedication of a large group of individuals, all of whom contributed to […]

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