The latest plan to save horse racing in New Jersey
TRENTON – The latest plan to save horse racing in New Jersey is on Gov. Phil Murphy’s desk awaiting action: Change the way people wager so it feels more like sports betting.
Since the 1930s, horse bets have relied on pari-mutuel wagering – in which the odds and payoffs are determined after the entire pool of bets is collected. A bet placed when a horse appears to have 5:1 odds could shrink to 2:1 by race time.
A bill unanimously approved by lawmakers last month would introduce fixed-odds wagering – in which odds are locked in when a person buys their ticket. Both types of wagers would be offered.
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In a
Wall Street Journal article posted Wednesday, casino and racetrack owner Jeff Gural made it clear how he felt about New York Gov. Andrew Cuomo.
New York Gov. Andrew Cuomo speaks at the July 9 opening of the Legoland amusement park in Goshen, NY. A Wall Street Journal article Wednesday noted that Cuomo’s reelection campaign may be falling to pieces, as he’s losing support from backers who contributed to previous campaigns. (Image: GovAndrewCuomo/Flickr)
Gural is one of the former contributors to Cuomo’s campaigns interviewed in
The Journal article. The story looks at just how vulnerable the three-term Democrat may be as he gears up for re-election next year. The keyword in that previous sentence is former, as the owner of Tioga Downs said he’s done because of reports of Cuomo sexually harassing several women and the way the state is proceeding with mobile sports betting.