TrackNet, NJSEA Have Deal for 2008

TrackNet, NJSEA Have Deal for 2008
Photo: CDI

TrackNet Media Group and the New Jersey Sports and Exposition Authority have reached an agreement on content from Meadowlands and Monmouth Park for 2008.

In a Dec. 26 release, TrackNet Media--operated by Churchill Downs Inc. and Magna Entertainment Corp.--said TwinSpires.com and XpressBet.com will offer account wagering on races from the two NJSEA-operated tracks. The two wagering platforms also will offer live video streaming as part of the deal.

“We are very pleased by NJSEA’s decision to make its popular horseracing content available to TrackNet’s affiliated account-wagering companies,” TrackNet Media chief executive officer Scott Daruty said in a statement. “Both TwinSpires.com and XpressBet are excited about adding races from Monmouth Park and Meadowlands to their account-wagering and video-streaming lineups.

“TrackNet believes a non-exclusive account-wagering environment will stimulate greater innovation and customer service among account-wagering providers to the benefit of racetracks, horsemen, and our wagering customers. NJSEA’s decision to make its content available to TwinSpires.com and XpressBet is an important step in that direction.”

TrackNet Media sells content from its stable of racetracks to a variety of domestic and international wagering outlets, including racetracks, casinos, off-track wagering facilities, and advance deposit wagering companies. TrackNet Media also purchases content from third-party racetracks for distribution to its member racetracks and its affiliated ADW platforms.

In mid-December, TVG announced it had extended its one-year, 2007 agreement with the NJSEA for 2008. TVG will continue to offer account wagering on Meadowlands and Monmouth races and also holds the exclusive rights to the television broadcast and distribution.

The deal allowed the NJSEA to negotiate separately with entities affiliated with TrackNet Media. At the time, The Blood-Horse reported that undisclosed compensation would be paid to TVG should the New Jersey racetracks and TrackNet Media strike a deal for 2008.

 

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