Tag: Fixed-odds wagering

New Jersey Gov. Phil Murphy signed a long-awaited bill legalizing fixed-odds wagering on his state's horse races. The bill faces regulatory issues with two state regulating agencies before being implemented. (Image: AP File Photo/Seth Wenig)

New Jersey Governor Signs Fixed-Odds Wagering Bill

After a 45-day delay, New Jersey Gov. Phil Murphy finally signed the Fixed Odds Wagering Act into law, opening the windows for fixed-odds wagering on horse racing in the state. Don’t make a beeline for the Jersey Shore just yet, however. Implementation requires regulatory approval from the New Jersey Racing […]

The Monmouth Park toteboard is due for some changes on the win-place-show side when fixed-odds wagering takes effect. New Jersey Gov. Phil Murphy is expected to sign the bill legalizing fixed-odds horse wagering in time for the July 17 Haskell Stakes. (Image: Seth Wenig/AP Photo)

New Jersey Legislators Pass Fixed-Odds Wagering in Time for Haskell

New Jersey took another step toward fixed-odds horse racing wagering on Monday when the bill legalizing that brand of wagering unanimously passed both legislative houses. After clearing the state senate 40-0 and the state assembly, 74-0-1, it now heads to Gov. Phil Murphy’s desk for his expected signature. The Thoroughbred […]

Monmouth Park could offer fixed-odds wagering during its upcoming season if a bill passed in the state assembly makes its way to Gov. Phil Murphy's desk. (Image: Sarah Andrew)

New Jersey Assembly Passes Fixed-Odds Horse Wagering Bill

New Jersey horseplayers tackling the upcoming Monmouth Park season received a gift from the state’s Assembly on Friday when that body voted 74-0-1 to permit fixed-odds wagering at Jersey’s racetracks. That sends the bill to the state senate. Should it clear that body, as expected, it goes to Gov. Phil […]

Canada's flagship track, Woodbine outside Toronto, benefited from the removal of a controversial provision in a sports betting bill. That bill is making its way through the Canadian government. (Image: Bill Selwyn)

Canadian Horseracing Benefits From Removal of Fixed-Odds Provision

Woodbine Entertainment CEO Jim Lawson, one of Canada’s most powerful horseracing executives, praised Canadian legislators for removing a provision in a sports betting bill that would leave racetracks out of revenue earned from fixed-odds wagering on horseracing. The element in question would have legalized fixed-odds wagering on horseracing without revenue-sharing […]

Currently, North American horseplayers bet using the pari-mutuel system, which pays out based on money wagered in a common pool. New Jersey may be the first US state allowing fixed-odds wagering on horse races. (Image: Ryan Denver/Equi-Photo)

New Jersey Moves One Step Closer to Fixed-Odds Horseracing Wagering

A bill expanding and legalizing fixed-odds wagering on New Jersey horse races emerged from committees in that state’s senate – a little more than a week after being introduced in New Jersey’s state legislature. The bill, allowing permanent fixed odds on races, enjoys bipartisan support in the state legislature. The […]