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Meadowlands Racetrack to begin offering sports betting next month

They gave me a tremendous gift." It would be a gift for his New Jersey track, anyway; Gural also owns the Tioga Downs track in upstate New York, and was counting on sports betting to help revive it. New York's failure to act gives New Jersey at least a short-term advantage: many of the customers expected to place sports bets at the track will come from New York, yet the tax money sports book operators are charged on those bets (9.75 to 13 percent, depending on where and how the bets are placed) will go to New Jersey. New Jersey gambling regulators confirmed Gural's timetable to begin offering sports betting, calling it doable. So far, Monmouth Park racetrack in Oceanport, near the Jersey shore, and  Atlantic City's Borgata casino are the only ones in New Jersey offering sports betting. The Ocean Resort Casino, formerly known as Revel, will become the third on June 28  when it reopens on the Atlantic City Boardwalk. The Meadowlands would be next in line just over two weeks later. Ironically, it was the failed pursuit of a casino at the Meadowlands that led to concern for its future, and it will be sports betting that will ease those concerns somewhat. Gural and Hard Rock International proposed a casino at the track complex in East Rutherford, just over 6 miles (9 kilometers) from New York City, but the proposal was resoundingly rejected by voters, and is unlikely to resurface anytime soon. New Jersey's Democratic state Senate President Steve Sweeney told The Associated Press in December that the political support for the casino project does not exist, and even Gural and Hard Rock say it could be five years or more before that might start to change.

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