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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Analysis: Gaming Stocks See ‘Statistically Significant’ Jump After Sports Betting Ruling

It’s still unclear what dominos are next to fall as legalized sports gambling ramps up, but according to an analysis from a University of Louisville economist, investors believe there will be a positive and significant impact on companies that operate casinos, racinos and sports books. In his report, Dr, Steven Vickner, an assistant professor in […]

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‘This Is The Industry’s Infancy’: New Jersey Sportsbooks Handle $40.7 Million In July

New Jersey’s sportsbooks did not disappoint in their first full month of operation, increasing wagers dramatically in June while nearly doubling the number of open sportsbooks to five. Such an increase was to be expected and a sign of what lies ahead, according to analysts for PlayNJ.com. “Considering the rate at which sportsbooks are opening in […]

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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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NBA Outlines Its Vision For Sports Wagering At Saratoga Law Conference

Much remains TBD regarding the future of sports betting, which was made legal in several states earlier this year with a Supreme Court ruling, but one thing that has changed: the National Basketball Association has decided to find a way to play ball. Speaking at the Albany Law School’s Saratoga Institute on Equine Racing and […]

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What Could The Future Of Wagering On Racing Look Like?

That’s the question panelists at the Albany Law School’s Saratoga Institute on Equine, Racing and Gaming Law tackled this week as they tried to combine international perspectives with the current American wagering landscape. Here are a few takeaways from the discussion, which ranged from integrating technology in racing to the incoming influence of sports betting: […]

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Monmouth ‘Grand Slam’ Covers Three Stakes And A Baseball Game

Monmouth Park will offer New Jersey’s first-ever combined racing and sports bet during Sunday’sHaskell Invitational card, with bettors required to pick the winners of three designated races as well as a designated baseball game. “The Grand Slam” wager for Sunday will be available for advance betting starting Saturday, July 28, in the Monmouth Park Sports Book by William Hill. […]

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FanDuel Launches Sports Betting At Meadowlands Saturday

Just six miles from New York City, The Meadowlands officially opened for sports betting on Saturday morning. The northern New Jersey track is host to the fourth sports book in the state, which is operated by FanDuel, according to newyork.cbslocal.com. “The things that we will be bringing will be like being able to bet in the […]

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Sports Wagering: New Jersey Records $16.4 Million Handle In June

Sports wagering officially launched in New Jersey in June, and according to legalsportsreport.com, the first 17 days of operation saw $16.4 million wagered across the state. Sports books reported $3.5 million in revenue for the same period. Monmouth Park led the way in sports wagering revenue with $2.2 million reported, doubling that of either of the other […]

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The Friday Show Presented By The Match Series: What Are The Odds?

Last weekend’s Dwyer Stakes at Belmont Park stirred up an issue that’s plagued the racing industry for years — the issue of dramatic odds shifts late in the betting. In this edition of The Friday Show, Scott Jagow and Ray Paulick discuss what’s happening behind the scenes to cause such changes in the betting as […]

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