Dennis Drazin | Horse Racing Free Tips

Fixed Odds One Step Closer for Monmouth

Fixed Odds wagering moved a step closer to becoming a reality during the upcoming Monmouth Park meet after the New Jersey State Assembly approved a bill on Thursday by a 74-0-1 vote that would permit the new betting platform.

The bill now moves onto to the State Senate and if successful would then go to Gov. Phil Murphy for a signature.

Monmouth Park's 76th season gets underway Friday, May 28.

“This is an exciting new wagering opportunity for our fans and we're grateful for the support from our legislators and Governor Murphy, who continue to ensure the success of Thoroughbred racing in the state,” said Dennis Drazin, CEO and Chairman of Darby Development, LLC, the operators of Monmouth Park. “Our hope is that we can be up and running with Fixed Odds wagering in time for the TVG.com Haskell S. July 17–or sooner if possible.”

The bill was sponsored by Assemblymen Ralph Caputo and Ronald Dancer. The Senate version of the bill is sponsored by State Senators Vin Gopal and Paul Sarlo and is co-sponsored by State Senators Steven Oroho and Declan O'Scanlon, Jr. The bill has also been supported throughout the legislative process by Assembly Speaker Craig Coughlin and Senate President Stephen M. Sweeney.

Fixed Odds wagering allows bettors to retain the odds at the time of their bet, as opposed to pari-mutuel wagering, where odds are not finalized until betting is completed. Monmouth Park would become the first track in the United States to offer the wager.

Australia-based BetMakers Technology Group would deliver and manage Fixed Odds wagering at Monmouth Park after entering into an exclusive 10-year agreement with New Jersey Thoroughbred Horsemen's Association and Darby Development, LLC, last year.

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Claiming Period to Cash Tickets in NJ Extended

The claiming period for pari-mutuel tickets and vouchers has been extended from six months to 12 months in the state of New Jersey thanks to a bill enacted by the New Jersey State Legislature and signed into law by Governor Phil Murphy May 11. “We appreciate the continued support that Gov. Murphy and our state legislators have shown for horse racing throughout the state,” said Dennis Drazin, Chairman and CEO of Darby Development, LLC, the operators of Monmouth Park. “This legislation provides a much-need grace period for people who were unable to cash winning tickets or vouchers due to the impact of COVID-19.” The legislation stipulates that, “winning outstanding pari-mutuel tickets purchased from the beginning of Sept. 16, 2019 and ending on the date of the end of the Public Health Emergency declared by the Governor in Executive Order No. 103 of 2020 and as extended shall be eligible to be claimed and shall be payable during the period ending one year following the end of the Public Health Emergency.”

The post Claiming Period to Cash Tickets in NJ Extended appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

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New Jersey Extends Deadline For Uncashed Pari-Mutuel Tickets

Bettors who were unable to cash outstanding pari-mutuel tickets and vouchers last year due to the COVID-19 health crisis now have additional time to do so under a bill enacted by the New Jersey State Legislature.

Bill S3198, which was signed into law by Gov. Phil Murphy, went into effect on May 11. It extends the claiming period for pari-mutuel wagering tickets and vouchers from six months to 12 months from the date of issuance or sale.

The bill was sponsored by State Senators Richard J. Codey and Vin Gopal and Assemblymen Ronald S. Dancer and Ralph R. Caputo.

“We appreciate the continued support that Gov. Murphy and our state legislators have shown for horse racing throughout the state,” said Dennis Drazin, Chairman and CEO of Darby Development, LLC, the operators of Monmouth Park. “This legislation provides a much-needed grace period for people who were unable to cash winning tickets or vouchers due to the impact of COVID-19.”

According to the legislation “winning outstanding pari-mutuel tickets purchased from the beginning of Sept. 16, 2019 and ending on the date of the end of the Public Health Emergency declared by the Governor in Executive Order No. 103 of 2020 and as extended shall be eligible to be claimed and shall be payable during the period ending one year following the end of the Public Health Emergency.”

The extension covers pari-mutuel tickets and vouchers purchased at racetracks, off-track wagering facilities and casino simulcasting facilities throughout the state.

The post New Jersey Extends Deadline For Uncashed Pari-Mutuel Tickets appeared first on Horse Racing News | Paulick Report.

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Despite Boycott Threat, Monmouth Doesn’t Expect Jockey Shortage Over New Whip Rules

The strictest whip rules in the country will see their first use on May 28, opening day at Monmouth Park in Oceanport, NJ. Instituted by the state's racing commission, the rules allow jockeys to use the whip when needed for safety reasons.

According to the Asbury Park Press, some jockeys have threatened to boycott the 2021 meet at Monmouth, with several regular NJ riders indicating plans to head elsewhere on social media.

“I wouldn't say it's a boycott. It's a decision,” Terry Mayocks, president and CEO of the Jockeys' Guild, told APP earlier this month. “We had a meeting when the stay was denied and just explained it to everyone and the process we've gone through the last year-and-a-half, and everyone basically said we don't feel comfortable. And if they can stay in Florida or go to other racetracks, that's an individual decision they will have to make.”

Dennis Drazin, chairman and CEO of Darby Development LLC, which operates Monmouth Park, isn't concerned, saying: “We expect to have enough riders to put on the show and I think we will be successful.”

The purse structure at Monmouth will draw jockeys from other states if positions are open, Drazin continued.

In addition, Drazin has spoken with Meyocks about repercussions for jockeys accepting mounts at Monmouth and then not showing up to ride, forcing cancellation of racing.

“The Racing Commission would have the power to bring them in and give them a hearing and suspend them for conduct detrimental to racing and then they can't ride anywhere in the country, because there's reciprocity between racing commissions,” Drazin explained.