On Tuesday, Penn National confirmed that they along with Greenwood Gaming and Entertainment will look to bring online sports betting to the Freehold Raceway in northern New Jersey.
More sports betting coming to New Jersey as Penn National and Greenwood will both get online skins from their Freehold Raceway. Negotiations for retail and online sports betting operators should be finished by end of month, $PENN confirmed.
— Matthew Waters (@FantiniMatt) December 11, 2018
Freehold Raceway will become the third racetrack in the state to be involved with NJ sports betting. According to Fantini Research, who disclosed the original report, a retail sportsbook and mobile application are in development and could be ready very soon.
Penn National has been making a statement in the sports betting community recently. Pennsylvania sports betting began with Penn National backed Hollywood Casino just before Thanksgiving. They also have a presence in West Virginia, partnering with William Hill US.
Freehold could also be in line for a cut of a $100 million proposed legislation brought by the Meadowlands and the Standardbred Breeders and Owners of New Jersey, which would have lawmakers provide the money in the form of purse supplements over the next five years. Freehold would receive a near $2 million cut.
