NYRA Bets will act as the managing vendor of New Jersey's online and mobile pari-mutuel account wagering system for horse racing under an agreement signed by Darby Development, acting as agent of the New Jersey Sports & Exposition Authority.
Under the agreement, all account wagering platforms will have the opportunity to enter the New Jersey market, provided those entities gain the approval of NYRA Bets, Darby Development and the New Jersey Horse Racing Commission. As a result, New Jersey residents will soon be able to choose among multiple account wagering platforms.
“This is a win for the patrons in New Jersey, allowing them to have choices for the first time as to which site they prefer to wager with,” said Dennis Drazin, Chairman and CEO of Darby Development. “It's another step in our ongoing effort to make the racing experience in New Jersey as fan-friendly as we possibly can.”
Pending the approval of the New Jersey Racing Commission, NYRA Bets will coordinate with online/mobile/sportsbook operators to establish a launch date later this year.
“We are pleased to usher in a new era for horseplayers in New Jersey,” said Tony Allevato, President of NYRA Bets. “As the sports betting market continues its rapid evolution, the expansion of NYRA Bets into New Jersey will benefit consumers by increasing competition. It's a win for New Jersey, for horse racing and for NYRA Bets.”
NYRA Bets is the official advance deposit wagering platform of the New York Racing Association. Launched as a national ADW in 2016 and currently available to customers in 36 states, NYRA Bets provides fans the opportunity to wager on tracks worldwide from anywhere at any time. The NYRA Bets app is available for download today on iOS and Android at NYRABets.com.
Darby Development is the operator of Monmouth Park, as well as the OTWs in Hillsborough and Woodbridge.
4NJBets, operated by TVG, will continue as an online and mobile wagering site in New Jersey as usual without disruption of service.
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