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Account Betting Expected Soon in New Jersey

20 July 2004

NEW JERSEY – As reported by the "The New Jersey Racing Commission expects to consider a "participation agreement" for distribution of revenue from account and off-track wagering at an Aug. 18 meeting at which the stakeholders are expected to apply for a license to begin account betting.

"The stakeholders are the New Jersey Sports and Exposition Authority, which operates Meadowlands and Monmouth Park; Pennwood Racing, which owns Freehold Raceway; and Greenwood Racing, which owns Atlantic City Race Course. The NJSEA will handle the account wagering application for all the parties.

"At a meeting July 16, the New Jersey Account Wagering Operating Board was formed, said Dennis Dowd, vice president of off-track wagering and account wagering for the NJSEA and a member of the board. Other members are chairman Bruce Garland, senior vice president of racing for the NJSEA; Chris McErlean, general manager at Meadowlands; Don Codey, general manager of Freehold Raceway; and Hal Handel, chief executive officer of Greenwood Racing.

"Dowd said the stakeholders would apply for a license in the hope of having computer-based account wagering with video streaming ready by mid-October. After that, voice and touch applications would be added, followed by a system whereby live operators would take calls…"

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