sports wagering

The Friday Show Presented By The Match Series: Preakness Edition, Sports Betting’s Impact?

This week’s Supreme Court decision on sports gambling clearly has the horse racing industry buzzing about its potential impact. In this week’s Friday Show from Baltimore, Scott Jagow and Ray Paulick discuss that issue and hear from others in the industry with their takes on what it might mean for Thoroughbred racing. Plus, of course, […]

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Stronach Group Eager To Get In On Sports Gambling At Racetracks

Santa Anita Park already has a room called the Sports Book. After yesterday’s Supreme Court decision knocking down a federal law prohibiting states from legalizing sports betting, could the room be turned into an actual sports book? You bet. The Stronach Group’s COO Tim Ritvo tells the Los Angeles Times the racetrack ownership company plans […]

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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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Supreme Court Strikes Down ‘Affront To State Sovereignty,’ Opens Door To Sports Betting Nationwide

In a victory for the state of New Jersey, the U.S. Supreme Court struck down a federal ban on sports betting Monday. According to Sports Illustrated, the ruling could open the door for as many as 25 other states to seek wagering on college and professional sports, along the lines of New Jersey’s bid. The […]

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The Friday Show Presented By NYRA’s Loyalty Program: Dangerous Liaisons?

The Philadelphia Inquirer posted a scathing editorial this week, denouncing Pennsylvania’s casino subsidies for the horse racing industry as “a staggering amount of corporate welfare.” It’s not the first time newspapers or lawmakers have criticized the funneling of slots money into the sport. In today’s edition of The Friday Show, Scott Jagow and Ray Paulick […]

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Supreme Court Will Hear New Jersey Appeal Over Sports Wagering On Monday

On Monday, the U.S. Supreme Court will hear oral arguments over whether states should have the power to legalize sports wagering. The failed federal ban on sports betting is driving an illegal, underground market of at least $150 billion annually, argues an amicus brief filed in the United States Supreme Court by the American Gaming Association (AGA). […]

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New Jersey Lawmaker Testing The Waters With Bill To End Sports Betting Ban

Today, Congressman Frank Pallone, Jr. (NJ-06) released a discussion draft of a comprehensive gaming bill, the Gaming Accountability and Modernization Enhancement Act, or GAME Act, which allows states to legalize sports betting and online gambling if appropriate consumer protections are also in place. “Despite the federal gaming laws in place today, Americans are betting up […]

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Monmouth Officials Optimistic As Meet Draws Near

Dennis Drazin, an advisor to track operators, said at a May 5 luncheon that Monmouth Park is operating in the black – a positive development after several years of losses. The track’s annual meet will kick off on Saturday, May 9. “I’m happy to tell you now we are self-sufficient,” said Drazin, as quoted by […]

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Monmouth Pushing Forward With Fantasy Sports Betting

Following a ruling from the United States District Court late Friday night, Monmouth Park is undertaking plans to begin offering fantasy sports betting at the Jersey Shore track. “The Court specifically said that it was not entering an injunction against the New Jersey Thoroughbred Horsemen’s Association,” said Dennis Drazin, advisor to Darby Development LLC, operators […]

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Sports Wagering Denied in New Jersey

Sports betting at Monmouth Park will have to await another day in court following a decision today by the United States District Court granting an injunction that prohibits the Oceanport racetrack from taking wagers on sporting events. “Obviously we’re disappointed, but not terribly surprised,” said Dennis Drazin, advisor to Darby Development LLC, operators of Monmouth […]

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