Sports

Supreme Court Opens Gate to Sports Betting, Monmouth Park Is Ready to Run

c0603696c24393b9b284_Monmouth_Park_Sports_Betting157.JPG
Dennis Drazin, chairman and CEO of Darby Development LLC, operators of Monmouth Park Racetrack, speaks to the media about the historic sports betting case decided by the Supreme Court on May 14. Credits: Bill Denver/EQUI-PHOTO
940f5261c3ec5f146569_Monmouth_Park_Sports_Betting154.JPG
This sand castle welcomes visitors to the William Hill Sports Book at the entrance to Monmouth Park Racetrack in Oceanport on May 14. Credits: Bill Denver/EQUI-PHOTO
ace5b22c9ac6618a69df_Monmouth_Park_Sports_Betting155.JPG
The William Hill Sports Book at Monmouth Park Racetrack in Oceanport is where sports betting will begin at Monmouth Park in the near future. Credits: Bill Denver/EQUI-PHOTO
c5dd1d3ddf2ee6ff7834_Monmouth_Park_Sports_Betting156.JPG
Dennis Drazin, chairman and CEO of Darby Development LLC, operators of Monmouth Park Racetrack, speaks to the media about the historic Sports Betting case decided by the Supreme Court on May 14. Credits: Bill Denver/EQUI-PHOTO
c0603696c24393b9b284_Monmouth_Park_Sports_Betting157.JPG

OCEANPORT, NJ — Monmouth Park is ready to open a sports book.

That is not news. Track management has been working on a sports book area in a no longer used cafeteria area in the rear of the grandstand for months.

The news is: On May 14, the U.S. Supreme Court struck down a federal ban on race tracks and casinos operating sports book-making operations such as those that are now confined solely to the casinos in Las Vegas.

Sign Up for E-News

No sooner had the court issued its 6 to 3 ruling striking down the Professional and Amateur Sports Protection Act as unconstitutional than Monmouth Park management was convening a press conference to announce its readiness to start up sports betting in cooperation with the William Hill organization — one of Great Britain's biggest book making organizations and a longtime sponsor of the track's signature race, the Haskell Invitational.

According to race track officials, the Monmouth sports book could handle as much as $50 million per year, starting as soon as two weeks out with the track and Hill splitting the profits.

Sports betting is seen as a rescue of the cash starved track. When Red Bank lawyer Dennis Drazin stepped to the podium to announce the start-up, all of the focus was on the creation of a rescue. But, no dollar figures were forthcoming that would shed any light on increases in the track's purse structure — the lifeline of survival for thoroughbred horse owners, trainers, riders and backstretch employees.

Those all important dollar figures will be forthcoming in future condition books coming out of Racing Secretary John Heims' office.

They will be developed by Darby Development, the organization Drazin heads to serve as management consultants for the New Jersey Thoroughbred Horsemen's Association, the group that leases the physical plant from the New Jersey Sports and Exposition Authority.

New Jersey has been preparing for legalized book making since 2011 when the state's voters approved a referendum amending the state's constitution to allow for it. Under the leadership of former Gov. Chris Christie, the state approved legislation that repealed the provisions of the federal bill. However, a federal judge issued a ruling in October 2014 that said the National Football League, National Basketball Association, Major League Baseball, National Hockey League and the National Collegiate Athletic Association were within their rights to prevent wagering on their contests.

Reports circulating around the Supreme Court ruling say the state has spent $9 million and Monmouth Park another million of its own to get the race track into the sports book business.

At the press conference, Drazin said, “This is the culmination of the hard work and dedication of a large group of individuals, all of whom contributed to today's victory and will undoubtedly contribute to our future success. We started this fight back in 2012 and are grateful the Supreme Court has recognized we've been right all along. We can now shift our focus on commencing sports betting, which will be off and running at Monmouth Park as soon as possible.”

With staff training and legislation that sets up regulations for sports book operations still to be completed, the betting here is a late June start up.

Read the court opinion at https://www.supremecourt.gov/opinions/17pdf/16-476_dbfi.pdf

See more Equestrian news at www.TAPintoHorses.net

Find us on Facebook https://www.facebook.com/TAPintoHorses/

Sign Up for E-News to get top stories delivered daily to your inbox.

TAP Into Another Town's News:

You May Also Be Interested In

Sign Up for E-News

Belmar/Lake Como

Upcoming Events

Carousel_image_42ad6cce4531efa33059_belmarmemday-3

Mon, May 28, 9:30 AM

Monument Row, Belmar

Belmar Memorial Day Commemoration Ceremony

Carousel_image_fd06351ae136ade68375_mini_magick20180526-24059-19vei3m

Mon, May 28, 10:00 AM

Lake Como Memorial, Lake Como

Lake Como Memorial Day Service

Carousel_image_81aab3f8e91ffde9a46c_pinkforapurposecollage

Thu, May 31, 7:00 PM

Sweet Tease Tea Room and Cafe and Lynette's Healing Touch, Belmar

Pink for a Purpose: A Benefit for Lin's Linens

Carousel_image_764314da7a0371aabf9e_pirateday

Sat, June 2, 9:00 AM

Eighth Avenue Beach Playground, Belmar

Belmar Pirate Day Treasure Hunt

Carousel_image_ee3b903f652168aec49f_belmaryardsalespring2018__2_

Sat, June 2, 9:00 AM

Sun, June 3 9:00 AM Rain or Shine, REGISTRATION DEADLINE: MAY 28

Belmar Spring Yard Sale

Carousel_image_b1a6c47aa5bd2064444a_lakecomoyardsale__2_

Sat, June 2, 9:00 AM

Sun, June 3 9:00 AM Rain or Shine, REGISTRATION DEADLINE: MAY 25

10th Annual Lake Como Yard Sale

Carousel_image_d910ca4289e03130c44b_bbppiratewalk2018

Sun, June 10, 12:00 PM

Pyanoe Plaza (starting location), Belmar

Belmar Pirate Walk

Vehicular Homicide Charges for Driver of Paramus School Bus

May 24, 2018

MORRISTOWN, NJ — The driver of a Paramus school bus involved in a crash on Route 80 last week that killed two people has been charged with two counts second-degree vehicular homicide/death by auto.

After making his first court appearance on Friday, May 25 to face the charges, Hudy Muldrow, 77, of Woodland Park will remain behind bars at least until a May 30 detention hearing at the ...

Belmar and Lake Como

May 11, 2018

Belmar Police Department reported the following arrests occurred in Belmar and Lake Como from April 1, 2018 to April 28, 2018.

BELMAR

Ryan Miles, 33, of Belmar was charged with contempt on an outstanding warrant after his arrest on April 1 on Route 35 by Police Officer Patrick McGill.

Lisa Perrault, 49, of Long Branch was arrested on 16th Avenue on April 6 by Police Officer Patrick ...

May is Skin Cancer Awareness Month

May 14, 2018

With warmer weather and sunny skies on the horizon, it is important to remember that skin cancer is the most common form of cancer in the United States. Skin cancer can greatly affect quality of life, and it can be disfiguring and even deadly. There are approximately 5.4 million cases of skin cancer diagnosed annually. Luckily, Skin Cancer Awareness Month provides a great time  to educate ...