Sports Betting

Monmouth Park in New Jersey has broken ground on a trackside Caesars Sportsbook

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Monmouth Caesars track pic

In May 2018, the US Supreme Court struck down a federal law that banned regulated sports gambling. New Jersey was one of the first states to get sports betting fully legalized and operating in their state. On June 14, 2018, New Jersey’s Monmouth Park was home to their legal wager. It was Governor Phill Murphy who placed $20 on the New Jersey Devils to win the Stanley Cup. 

Monmouth Park opened the William Hill Sportsbook upon its initial opening. In early 2022, Caesars Entertainment acquired William Hill and rebranded it to a Caesars Sportsbook. At Monmouth Park, the sportsbook has remained in a renovated section of their grandstand. However, a new standalone sportsbook is expected to open next year. Caesars is building a 16,000-square-foot facility. It will have a full-service shake shack restaurant and wall-to-wall televisions for customers to watch any sports game. This is an exciting time for Monmouth Park and Caesars.

What will the new Caesars Sportsbook at Monmouth Park feature?

The brand-new sportsbook is expected to open sometime in 2025. It will feature indoor and outdoor seating, a staffed betting window, and 25 self-service kiosks. Monmouth Park is owned by the New Jersey Sports and Exposition Authority (NJSEA) and is operated by Dennis Drazin’s Darby Development LLC. On Tuesday, Drazin and Caesars started the construction of their standalone sportsbook. Dennis Drazin had this to say.

We’re extremely excited to begin this next chapter with the upcoming opening of the new Caesars Sportsbook at Monmouth Park,” said Drazin. “As we start our sixth year of sports betting, we continue to see the growth and expansion we knew would eventually happen. This will be a magnificent addition to the Monmouth Park facility as our partnership with Caesars continues to evolve.”

Customers will be able to place wagers in their retail sportsbook visit the Monmouth Park website and sign up. Once they are signed up online, they’ll have access to an online sports betting account with Caesars. While Monmouth Park has been profitable in the last six years, they’ve been nowhere close to Meadowlands Racetrack. They are partners with FanDuel, Fanatics, and Superbook. In 2023, they won over $83.5 million from bettors. Monmouth Park reported a gross revenue of just over $21 million in 2023. With Caesars as their new partners, Monmouth Park hopes to start reaching new levels of profit and revenue. They want to be able to compete with Meadowlands Racetrack and Freehold Raceway.