A bill to officially legalise fixed odds betting on horse racing in the US state of New Jersey has now been signed by the governor of New Jersey to become law.
The bill, to “authorise fixed odds wagering on horse races through fixed odds wagering system,” was passed unanimously in both the Senate and General Assembly in New Jersey on 21 June 2021.
New Jersey has now become the first state in US to legalise fixed odds betting on horse racing.
BetMakers has secured an exclusive 10-year agreement with New Jersey Thoroughbred Horsemen Association and Darby Development, the operator of Monmouth Park racetrack, to deliver and manage fixed odds thoroughbred horse racing into the state.
BetMakers CEO Todd Buckingham said: “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.”