Jersey OTB, Phone Bet Bill Advances

A bill that will enable New Jersey to proceed with off-track betting and telephone account wagering has passed another hurdle and is set for a final vote Thursday. The legislation, unanimously approved by a Senate committee, mirrors one approved by an Assembly committee last week. It has the support of the state's horsemen, who will receive a higher amount of revenues than those contained in a bill that was supported by the racetracks.

According to the Asbury Park Press, the bill granting horsemen 40% of the OTB-phone wagering revenue could be sent to the governor later this week for final consideration. The racetrack-supported bill that was rejected in favor of the one making its way through the legislative process, would have allocated 36% to horsemen in the form of purses.

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