Monmouth Park has date for fixed-odds launch, revenue model for horsemen

Posted: Jan. 28, 2022

In a letter to the industry, Dennis Drazin, Chief Executive Officer of Darby Development, which operates Monmouth Park on behalf of the New Jersey Thoroughbred Horsemen’s Association, said fixed-odds wagering on Thoroughbred races will begin at Monmouth in March 2022.

Drazin also shares insights into the commercial model and agreements Monmouth has in place “with the purpose to maximize the intended success of this new venture.” He said the model “can be transformative for the Thoroughbred industry by unlocking new revenue that can flow back to stakeholders and participants and grow the sport we all love.”

Prior to the start of Monmouth’s live meet May 7, fixed odds will be available online through New Jersey-licensed sports books.

The letter to the industry is available here.