■ Fixed Odds Betting
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while on the Assembly side , it was referred to the Tourism , Gaming and the Arts Committee .
Baker welcomes working with the New Jersey Division on Gaming Enforcement , the New Jersey Racing Commission , the New Jersey Thoroughbred Horsemen ’ s Association and Darby Development , the operator of Monmouth Park Racetrack , to implement the new system . He said the New Jersey regulators are well respected through the industry for their high standards . “ Most states are happy to sit back and watch and let New Jersey take the lead on this ,” he added .
Opponents of fixed odds argue it will cannibalize pari-mutuel betting . But Baker argues “ it should actually enhance it because it creates a better marketplace .” He credited fixed odds for doubling the prize money in Australia . “ It brings a beautiful new bunch of money into the industry ,” he said .
In the meantime , BetMakers focusing on ways to enhance Monmouth Park . The company sponsored the inaugural $ 1 million bonus last year for the connections of any horse that can win the Haskell Stakes , the Kentucky Derby and the Breeders ’ Cup Classic , which was taken out by Authentic . The Haskell is the premiere race at Monmouth . Todd Buckingham , the
Dallas Baker , Head of International Operations at BetMakers .
CEO of BetMakers , announced the bonus last year and said it will continue through until at least 2022 .
Kerry Gatten , a race content manager at BetMakers , said “ Horse racing can be sexy like other sports and bring in the young crowd and still have its traditions .”
BetMakers and the Princeton Public Affairs Group believe the power of fixed odds betting will save American horse racing .