New Jersey Racetracks Form Regulatory Group to Embrace Sports Betting

Submitted by Associated Press on

Written by :

Associated Press

Published on :

OCEANPORT, New Jersey — (Associated Press) - A New Jersey racetrack has taken another step toward offering sports betting if it becomes legal in New Jersey.

Monmouth Park Racetrack announced Thursday it has formed a group to regulate sports betting at the track.

The track says the purpose of the Independent Sports Wagering Association is to ensure a secure and reliable wagering environment and to safeguard the integrity of the games being bet on.

Official say the group is modeled after organizations in the financial sector and real estate industry.

Gov. Chris Christie has been in a court battle with the pro sports leagues and the NCAA over whether New Jersey can offer legal sports gambling. A federal judge is scheduled to hear arguments on the latest legal motions at the end of October.

Related Content

Will an MLB Team Below .500 Make the AL Postseason Odds?

Will an MLB Team Below .500 Make the AL Postseason Odds?

Only three teams in Major League Baseball history have ever made the postseason with a record below .500, and all of them did it in shortened seasons.
 New York Red Bulls VS Nashville SC Betting Odds, Prop Bets - MLS August 19

New York Red Bulls VS Nashville SC Betting Odds, Prop Bets - MLS August 19

New York Red Bulls VS Nashville SC betting odds for Wednesday had the Red Bulls promising a payout of $165 for every $100 bet to win this Wednesday MLS match. Nashville would pay out $145 for every $100 bet.
Lionel Messi Goalscorer Payout Odds: Philadelphia vs. Inter Miami CF

Lionel Messi Goalscorer Payout Odds: Philadelphia vs. Inter Miami CF

Lionel Messi goalscorer prop bets pay $360 for every $100 bet to score the first goal and he is favored at -130 to score an anytime goal.
Nuno Borges v Brandon Nakashima Betting Markets - ATP Cincinnati Odds

Nuno Borges v Brandon Nakashima Betting Markets - ATP Cincinnati Odds

Nuno Borges takes on Brandon Nakashima Wednesday for this ATP Cincinnati match. Some leading sportsbooks were reporting $300,000 plus wagered the hour leading up to this 5:50 pm EDT showdown.