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Today is Thursday, October 18, 2018

Sports Betting Coming to Monmouth Park

Oceanport: The U.S. Supreme Court ruled in favor of State of NJ in a case that was pivotal for Monmouth Park to expand betting to include both collegiate and professional sports betting. The ruling throws out the federal ban that has been in force for decades.

In an opinion from the court, Justice Samuel Alito who hails from the state wrote, "The legalization of sports gambling requires important policy choice, but the is not ours to make." "Congress can regulate sports gambling directly, but if it elects not to do so, each State is free to act on its own"

There is currently a federal ban on sports betting with a law enacted in 1992. However, four states were granted immunity to the prohibition and have various forms of sports betting. With the Supreme Court ruling, New Jersey, which already enacted a law to allow sports betting will pave the way to a new revenue stream at Monmouth Park.

Monmouth Park had been prepared to expand and develop their facilities when then Governor Christie pushed for sports betting in the state to revitalize Atlantic City and other facilities like Monmouth Park. Management of Monmouth Park put the brakes on expansion when it was clear that they were running up against a federal ban.

It's not clear when Monmouth Park will officially start taking wagers on sporting events, but expect it coming very soon.

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