sports wagering

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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Monmouth Park Forms The Independent Sports Wagering Association

Monmouth Park Racetrack is pleased to announce the formation of The Independent Sports Wagering Association (TISWA) that it has formed to self-regulate sports betting. TISWA’s purposes are to promote a safe, secure, and reliable sports wagering environment that protects both the persons placing wagers on sports contests and the public as well as providing mechanisms […]

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Christie Vetoes New Jersey Sports Wagering Bill

A bill meant to partially repeal prohibitions on sports wagering at New Jersey racetracks and casinos was vetoed by Governor Chris Christie, according to a report in the Asbury Park Press. Bill S-2250 would allow racetrack and casino operators to open sports books and take bets without government interference. Christie believed that the measure was […]

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Bodog.com founder indicted, gambling website seized

The federal government unsealed an indictment Tuesday against the former billionaire founder of Bodog.com, who for years has run one of the world’s biggest online sports wagering sites by operating offshore.  50-year-old Calvin Ayre and three other Canadian men were indicted – although none of them are in custody yet – and the Bodog web […]

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New Jersey governor signs sports wagering, horse race betting bills

New Jersey moved closer Tuesday to implementing sports betting in the state as governor Chris Christie signed a bill legalizing sports wagering.  New Jersey still needs a federal ban on such gambling in all but four states to be overturned. The New Jersey law allows betting on professional and collegiate games at Atlantic City casinos […]

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New Jersey voters okay the idea of sports betting

New Jersey voters pass a referendum Tuesday that would allow gambling on sports at the state’s racetracks and at Atlantic City casinos.  A federal law must still be changed in order for New Jersey to implement sports wagering – which would add an estimated $200 million to $300 million in revenue – but supporters are […]

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