PlayNJ - Main points from article this morning
- Fixed odds horse racing legislation sent to governors desk, Approval imminent.
-Gov Phil Murphy will be placing the first such bet on July 17 @ Haskell meet, Monmouth Park
-Deals have been made with other sports betting apps to offer fixed odds. To be completed end of June. More details to be announced on these betting apps once Gov. Murphy signs off.
-Bill Pacrell III has been travelling the country the previous 2 weeks in responding to interest from other states on Fixed odds.
-Long call with Colorado. Won't name other states yet so as not to upset the process. Anticipates fixed odds will be in a number of other states by end of year.
For anyone new to Betmakers. The company has been waiting 16 months to get this fixed odds legislation through and Sportstech was a 6 month wait to get the acquisition across the line. This was the hardest part and very drawn out - An unbelievable achievement. Business wise they can now start their growth phase and expand through the US market. As stated deals will follow.
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- Ann: Fixed Odds Bill Passes New Jersey Senate & General Assembly
Ann: Fixed Odds Bill Passes New Jersey Senate & General Assembly, page-98
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