The track\u2019s end-of-the-meet release didn’t publicize the fixed-odds handle. Bill Pascrell III, a New Jersey-based lobbyist who helped garner support in the state and is working to get fixed-odds approved elsewhere in the US, said the fixed-odds windows at the Oceanport track did about 17% of the pari-mutuel handle.<\/p>\n
Those numbers would put the on-track, fixed-odds handle at about $3 million for the meet.<\/p>\n
Bettors elsewhere in the US couldn’t make fixed-odds wagers on Monmouth races this year. It was only available to the 368,101 people who attended races at the track. Fixed-odds were also only available for win, place, and show wagering. Supporters of fixed odds are hoping to see other states, like Colorado and possibly Louisiana, become the next to approve the wagering product.<\/p>\n
Drazin told Casino.org in an email on Tuesday that the track “saw positive returns” from fixed odds this year and piqued the interest of those who attended races.<\/p>\n
In five years, I believe that 50% of the win-place-show handle may be fixed odds,” he said. “I would also expect that in Q1 2023, several sportsbook operators will add fixed odds, which will put more eyes on our racing product.”<\/p><\/blockquote>\n
A Monmouth app for fixed-odds wagering that had been planned to launch for the Haskell should be available soon, Drazin added. That app will also offer additional tracks for bettors.<\/p>\n
Racing Moves to the Meadowlands<\/h2>\n While the meet has concluded at Monmouth, thoroughbred racing continues in the Garden State for the next five weeks.<\/p>\n
The Meadowlands will host nine six-race cards starting on Friday. All of the races will be run on the turf course at the East Rutherford track every Friday and Saturday night, except for Oct. 15. That\u2019s the same day as the Far Hills Steeplechase races.<\/strong><\/p>\nThoroughbred racing at the Meadowlands will conclude on Oct. 22.<\/p>\n
Pascrell said fixed-odds wagering will be available at the Meadowlands thoroughbred and Far Hills meets.<\/p>\n","protected":false},"excerpt":{"rendered":"
Monmouth Park closed out its summer meet on Sunday, and the New Jersey racetrack reported solid numbers for the season. The all-sources pari-mutuel handle for races at the track rose by more than $43.7 million from last year to $217.2 million. Even with five more racing days on the calendar this year, the average daily […]<\/p>\n","protected":false},"author":45,"featured_media":232832,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[33810,14577],"tags":[81978,81900,81980,26],"acf":[],"yoast_head":"\n
Monmouth Park Handle Increases, Drazin Pleased with Fixed Odds Debut<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n