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Monmouth Park Reports Successful Racing Season

OCEANPORT: Monmouth Park officials say the track has just completed a successful season with increases across the board.

A release from the Oceanport racetrack states that there were increases in live and simulcast handle as well as attendance for the racing season which just wrapped up on Sept. 28.

"I am especially grateful for the support of our horsemen and the dedication of the staff and management of Monmouth Park," said Dennis Drazin, advisor to the New Jersey Thoroughbred Horsemen's Association and Darby Development LLC, operators of the racetrack. "Last year we thought we had turned the corner and this year's successes have put us on firmer ground as we continue to build a better racing program and entertainment destination that is second to none."

The average attendance in 2014 jumped by 3.4 percent from 2013 to 9,296 when the track ran 61 live cards. Average on-track handle showed a jump of 5.6 percent to $538,540, compared with $510,106 in 2013. Total simulcast handle came in at an average of $4,060,081, a 3.3 percent improvent over last year's $3,930,540 average.

Drazin said he feels the future of Monmouth Park is bright with very real possibility of sports betting coming to the track in the coming months.

"With the strong possibility of sports betting on the near horizon, and the likelihood of casino expansion outside of Atlantic City, the future for the gaming industry and horse racing in New Jersey looks brighter than it has in quite some time," Drazin said in the release.

Work on a restaurant at the track has also begun and Drazin said construction of a 7,500-seat amphitheater will be completed in 2015.

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