Thanks to Sports Betting, New Jersey Horse Racing Is Looking Up

Monmouth Park by Rich Nilsen

copyright 2016 AGameofSkill.com

OCEANPORT, N.J. – Last Friday, the New Jersey State Bar Association (NJSBA) hosted its annual Day at the Races event. The meeting, designed to focus on legal issues in the state horse racing industry, was held at Monmouth Park.

Last year, Monmouth Park made headlines by taking the first legal sports bet in New Jersey, when Gov. Phil Murphy put $20 on Germany to win the FIFA World Cup.

The NJSBA event was moderated by Monmouth Park CEO Dennis Drazin, who was recently inducted into the Sports Betting Hall of Fame for his role in bringing the industry to New Jersey.

Along with Drazin, former New Jersey senator Ray Lesniak was on hand to discuss the status of horse racing in the Garden State.

“Less than one year [after the PASPA overturn], sports bettors wagered more in New Jersey than in Nevada which had a virtual monopoly on legal sports betting for more than 20 years. It took New Jersey less than a year to overcome that more than 20-year advantage,” said Lesniak.

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