Letter – bill bringing internet gaming to New Jersey horse racetracks advances

Horse racing fans at tracks in the state will be able to engage in internet gaming between post times under a legislation approved today by the Assembly. Sponsored by Assemblymen Ron Dancer and Declan O’Scanlon, the bill (A4255) allows horse racetracks to provide online wagering to anyone with an internet gaming account provided the casino and racetrack enter into an agreement.

“New Jersey racetracks and Atlantic City casinos will both benefit,” said Dancer (R-Ocean). “Attendance at the tracks will increase, and the online option adds an attractive entertainment element.”

Casino revenue from internet gaming has been steadily increasing since its debut late in 2013. Atlantic City houses brought in $19 million from online gambling in August, and more than $18.5 million in September and October. More than $3 million per month is paid to the state in taxes.

“Combining these two popular pastimes in the same venue will boost two vital segments of our economy,” said O’Scanlon (R-Monmouth). “The unique mix will attract new patrons to the racetracks and complement New Jersey’s tourism industry. Atlantic City casinos, capitalizing on increased exposure, will see internet revenues continue to soar, adding to state tax revenue.”

The bill exempts racetracks from the current prohibition of online wagering from internet cafes.