BetMakers Technology Group has introduced Monmouth Bets, a cutting-edge app that offers fixed-odds betting on horseracing in New Jersey. This novel platform, recently approved by the New Jersey Division of Gaming Enforcement, has started accepting wagers from eager customers in anticipation of the upcoming Monmouth Park racetrack opening on May 13. Monmouth Park initiated fixed-odds retail betting in 2022 and has now expanded its reach through this innovative digital platform. Monmouth Bets is not limited to local racing; it also covers events from various North American tracks, including Tampa Bay Downs, Canterbury Park, Delaware Park, Hawthorne Race Course, Emerald Downs, and Century Mile.
The Monmouth Bets Advantage:
Monmouth Bets aims to revolutionize the horseracing betting landscape in New Jersey and beyond by offering fixed-odds betting, providing a transparent and user-friendly experience for horseplayers. The app is set to enrich the horseracing ecosystem and benefit the racing industry as a whole, with the potential to provide substantial advantages to all stakeholders involved.
Insights into New Jersey’s Gaming Revenue:
The article delves into the gaming revenue report from the New Jersey Division of Gaming Enforcement for the month of March. The state’s gaming industry, comprising casinos, horse tracks offering sports betting, and online partners, recorded a robust $487.4 million in revenue. This represents a remarkable 15% year-on-year increase from March 2022’s $423.7 million. The casino win for Atlantic City’s nine casino hotel properties reached $228.6 million, reflecting a 5.6% growth from the previous year. Online gaming contributed $165.7 million, marking an impressive 17.8% increase year-on-year. Additionally, sports wagering gross revenue soared to $93 million, an astounding 40.1% surge from the prior year.
Monmouth Bets, powered by BetMakers, presents a significant leap forward in the world of horseracing betting, with its fixed-odds platform bringing transparency and convenience to horseplayers in New Jersey. As Monmouth Park’s opening day approaches, this digital platform has the potential to reshape the betting landscape in the state and beyond. Simultaneously, New Jersey’s impressive gaming revenue performance in March underscores the state’s thriving gaming industry, with substantial growth in both casino and online gaming sectors, along with a remarkable surge in sports wagering revenue. These statistics emphasize New Jersey’s status as a leading hub for the gaming and betting industry in the United States.