Sports betting at Monmouth Park will have to await another day in court following a decision Nov. 21 by the United States District Court granting an injunction stopping the Oceanport racetrack from taking such wagers.
Monmouth Park is to begin offering and accepting wagers on sporting contests and athletic events Oct. 26 at the New Jersey racetrack.
While the issue of sports wagering in New Jersey is still tied up in court, Monmouth Park is staying ahead of the curve in case it is approved by forming a group to provide oversight.
Gov. Chris Christie has vetoed legislation that would have paved the way for sports wagering at New Jersey's casinos and racetracks. Christie on Aug. 8 rejected the bill.
New Jersey's Division of Gaming Enforcement (DGE) said Oct. 15 that final regulations on sports wagering have been published and it will begin to accept applications. No licenses will be issued before Jan. 9, 2013.
Youbet.com chairman Robert Fell tried assuring investors Thursday that his embattled company has the technology and the cash to operate successful Web-based horse racing and sports wagering sites.
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