In New Jersey, Meadowlands Racetrack has reportedly announced that it will be following the lead of the eastern state’s Monmouth Park Racetrack and Borgata Hotel Casino and Spa next month in launching sportsbetting services.
According to a Friday report from ESPN citing information obtained by the Associated Press news service, the Bergen County facility revealed that it intends to partner with the Betfair US subsidiary of Dublin-based bookmaking giant Paddy Power Betfair to bring sportsbetting to its customers beginning July 15 in hopes that the move will help it to partially revive its slumping fortunes.
New Jersey recently became the second state after Delaware to legalize sportsbetting on a wide range of collegiate and professional sports for anyone over the age of 21 while the Borgata Hotel Casino and Spa and Monmouth Park Racetrack began accepting wagers from June 14. This followed a momentous May ruling from the United States Supreme Court that invalidated the Professional and Amateur Sports Protection Act (PASPA), which had largely limited legitimate sports wagering to Nevada.
Jeff Gural, Chairman and Chief Executive Officer for Meadowlands Racetrack operator, American Racing and Entertainment, revealed that the thoroughbred and harness-racing facility’s coming sportsbetting service, which could soon encompass an online proposition, is due to be helped by the recent inability of legislators in neighboring New York to pass an updated sports wagering legislation.
“New York did me such a favor by not passing sportsbetting,” Gural told the Associated Press. “That leaves me the entirety of New York City, Long Island, Westchester County. There are 15 million people that live within 20 miles of Meadowlands [Racetrack]. They gave me a tremendous gift.”
American Racing and Entertainment is furthermore responsible for New York’s Tioga Downs Casino Resort and Gural warned that sportsbetting itself will not be enough to completely revive Meadowlands Racetrack as it continues to compete against horseracing venues in neighboring states that enjoy substantial subsidies. ESPN explained that tracks in New Jersey previously received approximately $30 million every year that had been collected from casinos in Atlantic City, but former Republican Governor, Chris Christie, did away with these payments in 2011. Without this support, the track boss stated that the property could be forced into offering only simulcasting and sports wagering.
ESPN reported the move from Meadowlands Racetrack means that it is to become the fourth New Jersey venue to offer sportsbetting as Atlantic City’s Ocean Resort Casino, which was formerly known as the Revel Casino Hotel Atlantic City, is also expected to feature sports wagering when it re-opens from Thursday.