The two began offering sports betting at The Meadowlands Racetrack in East Rutherford, New Jersey, which today continues to be the largest-volume retail sportsbook in the U.S. FanDuel Sportsbook at the Meadowlands Racetrack includes a combination of sports betting and big-screen excitement. There are live tellers to take wagers, and the facility is open from 10 a.m-midnight, seven days a week. There are dozens of televisions, seating, food and beverage service, and live sports betting on almost any game in the world. The thrill of live horse racing is what really makes Meadowlands Racing & Entertainment the most unique choice for your occasion. Every space is designed to allow the best views of the races; everyone from beginners to seasoned bettors will enjoy rooting for their winner! Hard Rock Casino at Meadowlands features 5000 gaming machines and 250 table games for your enjoyment. World Casino Directory also books casino hotel reservations in East Rutherford. You will also find photos of Hard Rock Casino at Meadowlands or see the latest news headlines about Hard Rock Casino at Meadowlands on this page. The runaway leader in sports betting revenue among New Jersey tracks was the Meadowlands in East Rutherford. It won more than $206 million in sports bets last year.
Purses at Meadowlands Racetrack are getting a $1 million a yearboost from sports betting operations at the track.
The Meadowlands Racetrack and the Standardbred Breeders and Owners of New Jersey (SBOA) announced Dec. 1 that they had reached a 10-year, revenue-sharing agreement. The agreement will add a minimum of $1 million a year to the purse account at the track.
And there’s hope the state is ready to give NJ horse racing another $100 million over the next five years.
Meadowlands Sports Betting Hours Of Operation Today
The money will be taken from revenues from the FanDuel Sportsbook at the Meadowlands retail NJ sports betting operation. The revenue includes the FanDuel Sportsbook mobile sports betting app.
When FanDuel Sportsbook at the Meadowlands launched July 14, it quickly became the top-grossing retail sportsbook location in the state. The operation has recorded $15,206,392 in gross sports betting revenue through the end of October 2018. Its FanDuel Sportsbook mobile sports betting app launched Sept. 1.
$100 million horse racing bill
Meanwhile, the track and SBOA are hoping the state is prepared to do even more. Both are pushing for the state to pass legislation providing another $100 million in purse supplements to the racing industry over the next five years.
The bill was introduced in October. It is sponsored by Sens. Vin Gopal, Paul Sarlo, Steven Oroho and Richard Cody.
It calls for a $20 million a year investment by the state into the local racing industry for the next five years. If passed, the payments will begin in fiscal 2019. The money will come from the state’s general fund.
The state would give Thoroughbred racing purses at Monmouth Park, and the short all-turf Thoroughbred races it runs at Meadowlands, $10 million annually.
Nj Sports Betting Meadowlands
Other specifics of the NJ bill
Meadowlands Sports Betting
Standardbred purses at Meadowlands, Freehold Raceway and the Standardbred breeding industry would split the other half of the money.
The state would give Meadowlands $6 million for harness racing purses and Freehold $1.6 million. The state would give New Jersey Sire Stakes purses $1.2 million. Plus, the state would send New Jersey-sired Standardbreds $600,000 in purse bonuses and Standardbred breeder awards $600,000.
In September, lawmakers referred the bill to the Senate Budget and Appropriations Committee.
Meadowlands and SBOA hopes
Meadowlands owner Jeff Gural and SBOA President Mark Ford are hoping Meadowlands’ move to funnel sports betting money into horse racing will give the state the impetus it needs to move forward.
Gural said he’s hopeful the money will help Meadowlands become a premier racing venue once again:
“With a bill for a five-year $100 million purse appropriation scheduled to be introduced in the legislature shortly, we are all hopeful that we will be able to continue our good work with the SBOA and bring the Meadowlands back to its stature as a premier racing venue.”
Sports Betting Meadowlands Racetrack
Ford implored the rest of the industry to reach out to legislators to let them know how important the bill is to NJ horse racing. He said the industry should look to help out anyway it can:
Meadowlands Racetrack Sports Betting
“If you are betting sporting events, be sure to place your bets with FanDuel at the Meadowlands or use the FanDuel app, as a portion of every dollar you wager will show up in the purse account.”