“We believe this model will deliver the best outcome for the racing industry across the US and from our racing partners globally. “What this means is that any wagering operator in New Jersey who wants to bet Fixed Odds on horse racing must have an agreement through our partners, BetMakers, which will enable us to control the returns paid to the racing industry. Our partners BetMakers are ready to go and we are open for business.

“Legalised Fixed Odds betting on horse racing in the US has been a pillar of BetMakers’ strategic vision and today’s announcement enables the Company to press forward with the roll-out of Fixed Odds betting in New Jersey while also setting a precedent legal framework that is relevant for our discussions with other States in the US.”Īs previously announced to the market, BetMakers has secured an exclusive 10-year agreement with New Jersey Thoroughbred Horsemen Association and Darby Development LLC., the operator of Monmouth Park racetrack, to deliver and manage Fixed Odds thoroughbred horse racing into New Jersey.ĭennis Drazin, Chairman and CEO of Monmouth Park, said: “Just like Sports Betting, New Jersey will become the first state to legalise Fixed Odds betting on Horse Racing and we are very excited about what this can do for the industry. “New Jersey becomes the first State in the US to offer Fixed Odds betting on horse racing, and opens the door for the thoroughbred industry to offer Fixed Odds betting markets on racing in the same way as sports.

Todd Buckingham, CEO of BetMakers, said: “The introduction of Fixed Odds betting on horse racing by law in New Jersey is a historic moment for wagering in the United States and a landmark achievement for BetMakers. BetMakers Technology Group has announced that a landmark Bill to “authorize fixed odds wagering on horse races through fixed odds wagering system” (Fixed Odds Bill), which was passed unanimously in both the Senate and General Assembly in New Jersey on 21 June 2021, has now been signed by the Governor of New Jersey to become law.

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