Racing stakeholders fully understand that having sports betting at tracks in West Virginia is a 90-1 shot. But other things like off-track betting are a bit more realistic as they fashion a wish list to increase revenue.
As Monmouth Park prepares for its upcoming season, Dennis Drazin, who advises the track operators, said during May 5 luncheon the New Jersey facility is operating in the black.
Two New Jersey congressmen have introduced bills in the U.S. House of Representatives that would amend the federal ban on betting on professional and amateur sports and allow sports betting in New Jersey and other states.
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.
A temporary restraining order requested by professional sports leagues has put New Jersey's plans to allow sports betting on hold. The state had planned to begin taking wagers Oct. 26.
The four major professional sports leagues and the NCAA filed papers in court Oct. 20 to stop New Jersey's plan to allow legal sports betting beginning Oct. 26.
Monmouth Park is to begin offering and accepting wagers on sporting contests and athletic events Oct. 26 at the New Jersey racetrack.
New Jersey Gov. Chris Christie issued a directive Sept. 8 allowing casinos and racetracks in the state to offer sports betting without fear of criminal or civil liability.
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.
The Global Gaming Almanac provides 746 pages of comprehensive, up-to-date market summaries, financial data, statistics, and profiles of properties, owners, and regulators for 215 international gaming jurisdictions.
Despite a United States Supreme Court decision not to hear the state of New Jersey's appeal of a ban on sports betting, Monmouth Park officials said June 27 they intend to take bets on sports in September.
Monmouth Park will begin its 2014 meet May 10 with a new race and sports bar and additions to its picnic and paddock areas.
A federal appeals court dealt another blow to New Jersey's efforts to legalize sports gambling Sept. 17 by upholding a ruling that the state's betting law conflicts with federal law and shouldn't be implemented.
The sports betting company William Hill has teamed with Monmouth Park in a long-term agreement to become the Oceanport, N.J., racetrack's exclusive sports betting provider.
A revived bill to allow sports betting at California horse racing enclosures and other gambling establishments cleared its first committee test during the week of April 22.
A federal judge Feb. 28 upheld a 21-year-old law prohibiting sports betting in 46 of 50 states, dealing a setback to New Jersey's attempts to revive its struggling casino industry.
California legislation that would legalize Internet poker for state residents was pulled prior to a scheduled committee vote on the measure June 12.
New Jersey will defy a federal ban and let people bet on the outcomes of football, basketball, and other games this fall, Republican Gov. Chris Christie said May 24.
Legislation is popping up in New York to permit additional casinos across the state, with other versions of bills placing the expanded gambling offerings at existing racetrack casinos.
In a largely symbolic vote, New Jersey residents Nov. 8 overwhelmingly approved sports betting at casinos and racetracks.
A recent poll showed 52% of New Jersey voters in favor of allowing sports betting at racetracks and Atlantic City casinos. A referendum on whether sports betting should be legalized will be on the Nov. 8 ballot.
Legislation geared toward horse racing, Internet betting, and Atlantic City casinos moved closer to reality in New Jersey Nov. 22 as lawmakers voted to create big changes in the way people can gamble.
Delaware Park has received mostly favorable feedback on its ontrack exacta bonus experiment, but its potential may be hard to gauge until it has a chance to grow.
After the first three days of its "exacta bonus" experiment, Delaware Park returned more than $8,000 to players on track, according to figures released by the track the week of Sept. 6.
The U.S. Supreme Court has rejected an appeal in which Delaware sought to expand its sports betting lottery beyond professional football.
Legislation that would allow New Jersey racetracks and Atlantic City casinos to accept wagers on sporting events will go before an Assembly panel the week of Feb. 8.
Scientific Games Corp. has entered into a definitive agreement to sell its racing and venue management businesses to Great Britain-based Sportech Plc for about $75 million.
The Delaware Sports and Video Lottery Commission Jan. 12 rejected the results of a study that suggests adding two casinos in the state would increase revenue and jobs.
As the Delaware government awaits the results of an independent study into the expansion of casino gambling in the state, a study commissioned by three racetracks concluded the addition of casinos will cannibalize the market.
- By Claire Novak
Owner Andrew Berg, who races horses with partner Joseph Taub under the name Gumpster Stables, had his license revoked Oct. 21 by the New York State Racing and Wagering Board after he was indicted along with 29 other individuals and one corporation in the bust of an illegal multimillion-dollar off-shore sports betting operation.
Delaware has asked the full Third U.S. Circuit Court of Appeals to revisit a decision made by a three-judge panel to authorize only limited sports betting at three racetracks in the state.
Delaware Park and the Delaware Thoroughbred Horsemen's Association have agreed to shave seven days from the track's 2009 racing schedule because of a decline in revenue from video lottery terminals. The change must be approved by the Delaware Thoroughbred Racing Commission.
Sports betting launched at three Delaware racetracks Sept. 10, but officials are unsure how much revenue limited parlay wagering will generate.
The expansion of gaming at racetrack casinos doesn't always guarantee more money for purses and breed development programs, horsemen said July 2 during a sobering discussion that showed horse racing's challenge to stay relevant in a revenue-driven environment.
The Delaware Supreme Court said a proposed sports-betting lottery doesn't conflict with the state constitution.
Delaware expects to offer sports betting at its three racetracks this summer under a new law that also allows the tracks to offer table games such as blackjack, craps, poker, and roulette.
The head of Delaware's gambling industry group said Democratic Gov. Jack Markell's proposed budget would be devastating to the state's three racetracks, including Delaware Park.
The horse racing industry should exploit the growth of sports betting, broaden its distribution, and develop new content rather than looking to racinos as an industry "savior," according to Scientific Games chairman and chief executive officer A. Lorne Weil.
Daily Racing Form has acquired the publishing assets of Sports Eye Inc., a New York-based company that produces Thoroughbred and Standardbred handicapping publications and other sports-related publications.
The Iowa Racing and Gaming Commission will not pursue gambling charges against former Prairie Meadows chairman Jim Rasmussen.
Jim Rasmussen apologized May 21 for illegally wagering on football, but said his decision to step down as Prairie Meadows chairman of the board was a combination of the betting controversy and ill health.
Delaware legislators are considering legalized sports betting with a twist: It would benefit the horse racing industry in the state in the same way as gaming.
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