Dennis Drazin, chairman and CEO of Monmouth Park, sent out an "open letter" to "industry stakeholders" late Wednesday with details on the rollout of fixed-odds wagering in New Jersey.
I am excited to update you about the introduction of fixed odds betting on thoroughbred racing in New Jersey, which we now plan to start rolling out in March. Importantly, I also want to share insights into the commercial model and agreements we have in place with the purpose to maximize the intended success of this new venture. It is under this model that I believe fixed odds betting can be transformative for the thoroughbred industry by unlocking new revenue that can flow back to stakeholders and participants and grow the sport we all love. The go-to-market roll-out of fixed odds betting on racing in New Jersey: Fixed odds bets on thoroughbred racing meetings is scheduled to be offered on track at Monmouth Park from March 2022. Shortly thereafter, and prior to Monmouth’s live racing start on May 7, 2022, fixed odds will be available online thru NJ licensed sportbooks.Fixed Odds is available now to licensed Sportsbooks thru BetMakers:
Only a few weeks to go till fixed odds rollout and also announcement of the first 5 licensed sportsbooks - any guess who they will be - Ceasars definitely
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