Monmouth Park, a nondescript racetrack near the Jersey Shore, made a big bet on legalized gambling five years ago and, thanks the recent Supreme Court decision, it looks ready to cash in. Starting in 2013, the racetrack’s bar received a $3 million face-lift when the track—owned by one of the world’s biggest sports betting operators—wagered that New Jersey would ultimately allow legalized sports betting. The dream may be a reality as soon as next month, as the New Jersey legislature looks to vote on a bill on June 7, writes the New York Times.
Dennis A. Drazin, the racetrack operator, and William Hill, a London-based international sports betting operation with dozens of locations across Nevada, now hope that their long-term wager on sports betting will help bring in a much-needed infusion of cash to the race track.
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