New Jersey’s Monmouth Park cashes in on new sports betting legislation
![Sports Betting horse](https://bettingplanet.com/wp-content/plugins/lazy-load/images/1x1.trans.gif)
By: Staff Writer
- June 18, 2018
- LikeUnlikeLike
- 1603 Views
THE first weekend of legalised sports betting in New Jersey was a success, with reports of increased attendance and profit at Monmouth Park Racecourse a great sign for the industry.
Steven Falk with Ashbury Park Press said the park was “alive with activity on Fathers’s Day”.
Falk reported a 28.3% increase in attendance and an 18% increase in “total handle,” — the term in sports betting that is used to describe the total amount of money wagered.
“Total handle” is different than profit because bets are split into winning and losing ones. However, the activity at Monmouth Park is a point of favor of those that argued that sports betting might help the economy.
Meanwhile, the nearby state of Massachusetts is seeing a lobby for sports betting. DraftKings is pushing for legalization in that state. Massachusetts is home to numerous sports teams, including the perennial powers in the NFL, the New England Patriots. They are based in the greater Boston area, as are the Boston Celtics, the Boston Bruins, and the Boston Red Sox.
Phil Murphy, the governor of New Jersey that signaled the legalization of sports betting in his state with a pair of bets on Thursday morning, might soon wish for his $20 bet on Germany to come back.
Murphy backed the Germans to win the 2018 World Cup ahead of their first game. However, on Sunday from Russia, the Germans were dealt a 1-0 blow as they fell to a determined Mexican squad.
The beauty with Ante Post bets, of course, is that the result doesn’t hinge on one game. Those that backed Germany, like Murphy, will now be looking for that squad to rally in the games ahead in order to make the elimination rounds.
But while the equity on Murphy’s bet has tanked, at least for the time being, the numbers at New Jersey’s Monmouth Park were reportedly great this weekend. That was the venue where Murphy made the first legal wager in New Jersey.
You may also like
Join the Betting Planet team!
Are you passionate about sports betting? Sports news writers required TODAY!
Experienced preferred but not essential. (All apps considered).
View Careers at Race Media![Betting Planet](https://bettingplanet.com/wp-content/smush-webp/2022/03/bp-white.png.webp)
![Race Media](https://bettingplanet.com/wp-content/smush-webp/2022/03/rm-text.png.webp)
Top Online Casinos
Latest Betting News
- Fritz v Tiafoe tennis tips & best odds | US Open 2024 preview
- Jorge Masvidal eyeing UFC return after failed boxing foray
- UFC Fight Night main card preview & top picks | Burns v Brady
- Navarro v Sabalenka US Open betting picks | September 5, 2024
- US Open: Draper reaches last four as de Minaur falls short again
- Heads fires as Australia demolish Scotland in first T20I
- US Open 2024: Fritz, Tiafoe to clash in all-American semi-final
- Scotland v Australia: Hosts taking confidence from T20 World Cup
- Burns v Brady UFC betting picks & predictions | September 7
- Jack Draper v Alex de Minaur US Open betting picks & best odds
Casino Guides
- Safest online casino jurisdictions
- How to guides
- How to win at pokies
- How to play online pokies
- PaysafeCard online casino deposits
- MasterCard Online Casinos
- Online Casinos Accepting POLi
- 32Red Casino Review
- All Slots Casino Review
- Boombet Casino review
- Horse racing games at casinos
- Credit card deposits at online casinos
- Films about blackjack
- Live dealer casinos
- How to play live dealer blackjack party
- Online Blackjack
- Top online casinos 2024
- Online casino deposits
- MasterCard Online Casinos
- Online Casinos Accepting POLi
- PaysafeCard online casino deposits
- Online slots
- Playing Pai Gow Poker on the Internet
- Online keno
- Online poker
- Online poker tournament structures
- Real money online roulette 2024
- Online multi-wheel roulette – what is it?
- How to play online scratch cards in 2024
- Sit & Go online poker tournaments
- Skrill e-wallet deposits at online casinos
- Visa online casino deposits
Sports Betting Guides
Casino Games
Deposits & Withdrawals
Football
Basketball
Top Country Betting sites
- Angola
- Antigua and Barbuda
- Armenia
- Australia
- Azerbaijan
- Bahamas
- Barbados
- Belize
- Brazil
- Canada
- Dominican Republic
- Germany
- Ghana
- Grenada
- India
- Indonesia
- Italy
- Kenya
- Malaysia
- Malta
- Ireland
- Netherlands
- New Zealand
- Nigeria
- Norway
- Philippines
- Singapore
- South Africa
- Turkey
- Uganda
- Ukraine
- United Kingdom
- Vietnam
- Zambia
- Zimbabwe