Monmouth Park, the first venue outside the house of Atlantic Town to conduct athletics betting in New Jersey, broke floor Tuesday for a new retail Caesars Sportsbook that is projected to open in 2025.
The horse racing track in Oceanport took its 1st wagers June 14, 2018, when William Hill operated its sportsbook. That arrived 31 days immediately after the United States Supreme Court dominated PASPA unconstitutional, opening the doorway for sports betting on a condition-by-state foundation outside of Nevada that has expanded to additional than two-thirds of the states in the U.S.
Caesars agreed to get William Hill for $3.7 billion in September 2020 and rebranded it as Caesars Sportsbook, which took influence at Monmouth Park in early 2022. The sportsbook has generated $40.9 million in sports activities betting profits due to the fact opening, like $5.3 million in 2023 and $1.5 million as a result of the initial three months of 2024.
“We are proud to carry on investing in Monmouth Park to elevate the athletics betting expertise for New Jersey sports lovers,” stated Dan Shapiro, Senior Vice President and Main Development Officer at Caesars Digital, in a joint statement. “The sportsbook at Monmouth has been a achievements considering the fact that Governor Murphy placed the state’s initially legal sports activities wager in 2018 and carries on to be an remarkable complement to our on the web firms. We appear ahead to continuing our aid for horse racing in New Jersey and bringing athletics enthusiasts and racing enthusiasts to this historic racetrack.”
Envisioned amenities and a Shake Shack
Currently, with Monmouth Park we celebrated the start off of construction on a trackside sportsbook & leisure sophisticated that will increase the bar for sports wagering & race viewing venues in NJ. Representatives planted golden shovels in the floor to mark the celebration. pic.twitter.com/wrloPk7lFx
— Caesars Entertainment (@CaesarsEnt) Might 7, 2024
The new sportsbook will have 16,000 square toes of indoor and out of doors athletics viewing that will include things like numerous flat-monitor televisions. There will be 25 self-company kiosks, and meals products and services will be supplied by Shake Shack.
“We’re exceptionally excited to start out this upcoming chapter with the impending opening of the new Caesars Sportsbook at Monmouth Park,” claimed Dennis Drazin, Chairman and CEO of Darby Progress, LLC, operator of Monmouth Park, in a joint assertion. “This facility will be state-of-the-artwork with all the amenities that a first-class sportsbook can give to patrons. As we start off our sixth calendar year of sports betting, we proceed to see the progress and enlargement we knew would inevitably take place. This will be a superb addition to the Monmouth Park facility as our partnership with Caesars proceeds to evolve.”
