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New Jersey eyes cutting horse tracks in on internet gambling
A man watchessimulcast horse racesat the Monmouth Parkracetrack in West LongBranch, NJ. With banksof TVs tuned to all-sportsstations and a spaciousbar, the lounge a theracetrack is a sportsgamblers' paradise-inwaiting.(Photo: AP
Horse Racing, Sports
December 7, 2017

New Jersey eyes cutting horse tracks in on internet gambling

TRENTON, NJ (AP) — New Jersey lawmakers want to give the state’s horse racing tracks a piece of the action on internet gambling.

Democratic Assemblyman Ralph Caputo says it’s a way to help the struggling racing industry with new revenue.

“It would bring more traffic into the racetracks, and they need it desperately,” said Caputo, a former casino executive.

Gamblers with internet betting accounts can already place bets from anywhere within New Jersey’s borders, and don’t need to go to a track to do so.

“The casinos should realise that absolutely nothing will happen unless they agree to allow it through an agreement with a track,” said Dennis Drazin, chairman and CEO of the Monmouth Park racetrack in Oceanport. “Nobody is forcing anything on them. This is really a win-win for the racing industry and the casino industry.”

Supporters envision track patrons placing online casino bets between races. The track would be compensated by the casino for drumming up new online business; the exact amount each track would get from a casino would have to be negotiated individually.

Drazin said tracks would set aside an area for customers to place casino bets over the internet. The tracks would be specifically exempted from state law banning so-called “internet cafes” that offer real-money gambling.

The Casino Association of New Jersey did not immediately respond to a request for comment on the bill.

Internet gambling has been a bright spot in New Jersey’s gambling market. On pace to win US$250 million online this year, New Jersey has the largest market of the three states that currently offer internet gambling (Pennsylvania recently approved it but has not started offering it yet).

Delaware allows internet gambling through casinos based at racetracks.

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