NYRA Bets deal opens way for new platforms to enter N.J.

Darby Development, acting as agent of the New Jersey Sports & Exposition Authority, agreed to establish NYRA Bets as the managing vendor of New Jersey’s online and mobile pari-mutuel account wagering system for horse racing.

In addition, all account wagering platforms will have the opportunity to enter the New Jersey market provided those entities gain the approval of NYRA Bets, Darby Development and the New Jersey Horse Racing Commission.

As a result, New Jersey residents soon will be able to choose among multiple account wagering platforms.

NYRA Bets is the official advance-deposit wagering platform of the New York Racing Association. It was launched as a national ADW in 2016 and currently is available to customers in 36 states.

Darby Development is the operator of Monmouth Park as well as the off-track wagering facilities in Hillsborough and Woodbridge, N.J.

“This is a win for the patrons in New Jersey, allowing them to have choices for the first time as to which site they prefer to wager with,” said Dennis Drazin, chairman and CEO of Darby Development. “It’s another step in our ongoing effort to make the racing experience in New Jersey as fan-friendly as we possibly can.”

Pending the approval of the New Jersey Racing Commission, NYRA Bets will coordinate with online, mobile and sportsbook operators to establish a launch date later this year.

“We are pleased to usher in a new era for horseplayers in New Jersey,” NYRA Bets president Tony Allevato said. “As the sports betting market continues its rapid evolution, the expansion of NYRA Bets into New Jersey will benefit consumers by increasing competition. It’s a win for New Jersey, for horse racing and for NYRA Bets.”

4NJBets, operated by TVG, will continue as an online and mobile wagering site in New Jersey as usual without disruption of service.