Fixed-Odds Horse Racing Is Coming to This State

Las Vegas sportsbook contestAll signs indicate that New Jersey will become the first state to offer fixed-odds betting in horse racing. More importantly, next month N.J. Gov. Phil Murphy will be placing the first such bet July 17 at the Grade 1 Haskell at Monmouth Park.

This is the same location where Murphy made the first legal wager in NJ sports betting history.

On Monday, the Senate voted 40-0 in favor of the “Fixed Odds Bill” after amendments were made to accommodate the horsemen groups and stakeholders. The bill was then declared passed after a unanimous 71-0 vote in favor by the General Assembly.

The bill went to Murphy’s desk earlier this week, according to Bill Pascrell III, a partner at Princeton Public Affairs Group. He has been a leading advocate for the legislation for the past two years.

“Governor Murphy reviewed the legislation leading up to [Monday’s] vote, there aren’t any issues, it’s now just a matter of dotting the i’s and crossing the t’s,” Pascrell said.

Pascrell said Murphy’s general counsel has already instructed the regulators to draft rules, and that the governor looks forward to being the first one to place a fixed-odds horse racing bet in the country…

In responding to national interest about bringing fixed-odds betting to other states, Pascrell has been traveling the country the past two weeks meeting with officials.

“We’ve had a good long call with Colorado … and there are multiple other states that are moving in this direction – I just don’t want to name them so that I don’t upset the apple cart – but I anticipate fixed-odds horse race betting will be in other states by the end of 2021,” said Pascrell…

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About Editor

Rich Nilsen is an 18-time qualifier to the National Horseplayers Championship (NHC), an event he has cashed in four times. He was the first player to finish in the top 10 twice. He cashed on the 2018 NHC Tour with a 19th overall finish. Rich was also a winner of a $24,000 package into Kentucky Derby Betting Championship I. A former executive with Brisnet.com, Rich is a graduate of the University of Louisville Equine Business Program and is founder of AGameofSkill.com, a site devoted to horse racing education and promotion.

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