OCEANPORT, N.J. (CBSNewYork/AP) – A New Jersey racetrack has taken another step toward offering sports betting if it becomes legal in New Jersey.
Monmouth Park Racetrack announced Thursday it has formed a group to regulate sports betting at the track.READ MORE: New York AG: Trump Organization Misled Banks And Tax Officials
The track says the purpose of the Independent Sports Wagering Association is to ensure a secure and reliable wagering environment and to safeguard the integrity of the games being bet on.
Official say the group is modeled after organizations in the financial sector and real estate industry.
Gov. Chris Christie has been in a court battle with the pro sports leagues and the NCAA over whether New Jersey can offer legal sports gambling. A federal judge is scheduled to hear arguments on the latest legal motions at the end of October.
Horse racing tracks are likely to implement sports betting in New Jersey before casinos do, a gaming expert says.READ MORE: Gas Eyed As Cause Of House Explosion That Killed 1 Woman, Injured 8 Others In The Bronx
Joseph Weinert, executive vice president of New Jersey-based Spectrum Gaming Group, told WCBS 880’s Levon Putney in September that most casino operators in Atlantic City own other gaming properties around the country, so they may fear bucking the feds and losing their gaming licenses.
Racetracks, however, “don’t have the licensing requirements the casinos have to worry about,” Weinert said.
You Might Also Be Interested In:
[display-posts category=”news” wrapper=”ul” posts_per_page=”4″]MORE NEWS: NYPD Officer Released From Hospital After Being Shot In The Bronx
(TM and © Copyright 2014 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2014 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)