Fixed-odds wagering for horse races to be legal in New Jersey, bill heads to governor

Horse racing

Fixed-odds wagering on horse races in New Jersey to become a reality soon. The state Senate and General Assembly unanimously passed a bill that allows such wagers on June 21.

The bill will now be sent to New Jersey Gov. Phil Murphy, a Democrat.

Racing in the United States relied on pari-mutuel wagering. Bet totals on each horse or entry are used to determine odds and payoffs, and a percentage is taken off the top to fund tracks and purses, fixed-odds wagering sees a bookmaker offer odds on each horse or entry that are locked in at that price when a patron purchases a ticket.

 

Categories:

Tags:

Share:

Facebook
Twitter
LinkedIn
Email
Nassima Azmzm

Nassima Azmzm

Leave a Comment

0 responses on "Fixed-odds wagering for horse races to be legal in New Jersey, bill heads to governor"

Leave a Message



Qasiknow.com is born out of the necessity of sharing information and knowledge with everyone in the gaming industry who is interested in learning, growing, discovering different points of view and ways of doing things.

Upcoming Events

top
Copyright ©️ Qasiknow.com | All rights reserved.
X