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Monmouth Park Welcomes Interest Surge over First Weekend of Sports Betting

One of the hottest locations for sports wagering in the state of New Jersey at the moment is Monmouth Park Racetrack which is located in Oceanport which recently witnessed the official launch of sports betting in the state. Over the span of its first weekend of sports wagering offering the well-known racetrack witnessed significant interest surge and a total of 34,201 enthusiasts willing to put their judgment to the test by placing a wager.

With the help of Assembly Bill 4111 which legalized sports gambling on a state level, Gov. Phil Murphy made a move and made the state the second one to legalize the gaming offering. Three days later people were finally able to place their first legal bets on a sports event and up to this point, one of the only places that were confirmed to be completely prepared for this was Monmouth Park Racetrack.

According to the information provided prior to the official launch, the well-known American racetrack for thoroughbred horseracing in Oceanport was set to launch sports betting at 10:30 a.m. on 14th June. The first bet was reserved for the Governor himself since he was the first one to wager on a sports event. It could be recalled that prior to the legalization of sports wagering Dennis Drazin, Chief Executive Officer of Darby Development made clear the operator’s position.

Racetrack Braces for Birght Wagering Future

At the season-opening news conference, he expressed the overall position that the possibility of ruling in favor is considerable and this resonates in the general mood in the field. Customers of the location have always been supportive of the legalization of sports betting and this has been one of the most discussed topics as more and more people warm up to the idea that wagering has the potential to bring benefits to all parties involved in the process.

Now that the legalization is fact and the first weekend of operation is already in the past, Monmouth Park reaps the benefits from the launch. Its partnership with sports betting giant William Hill bought the innovation to players from near and far gathering for the sportsbook launch.

The sports book provided by the well-known bookmaker based in London cost as much as $1 million to its developer. Over the span of its first weekend of operation, the new sports book attracted a considerable number of players willing to give it a try and wager in a legal manner.

Just in time for the start of the World Cup, everyone was ready to place their bets and Father’s Day was expected to bring in even more enthusiasts. The expectations were met as there were some 23,768 bettors present on that day increasing the popularity of the location.

The total amount of bets placed over the span of the first three days of operation of the sportsbook amounted to some $1,604,133 on the races. In addition to that, there was an 8-percent surge in the in-house simulcast when compared to last year’s performance, increasing this year’s figure to some $1,211,030.

Some whopping $4,886,393 were placed in wagers on Monmouth Park signal which equals an 18-percent jump year-on-year. The upcoming weeks are forecasted to generate even larger interest towards the racetrack.

 Author: Hannah Wallace

Hannah Wallace has been part of our team since the website was launched. She has a master’s degree in IT.