Monmouth Park Breaks Ground On Caesars Sportsbook Expansion
· 2024-05-07

Monmouth Park Breaks Ground On Caesars Sportsbook Expansion

Monmouth Park, the first venue outside of Atlantic City to conduct sports betting in New Jersey, broke ground Tuesday for a new retail Caesars Sportsbook that is projected to open in 2025.

The horse racing track in Oceanport took its first wagers June 14, 2018, when William Hill operated its sportsbook. That came 31 days after the United States Supreme Court ruled PASPA unconstitutional, opening the door for sports betting on a state-by-state basis beyond Nevada that has expanded to more than two-thirds of the states in the U.S.

Caesars agreed to acquire William Hill for $3.7 billion in September 2020 and rebranded it as Caesars Sportsbook, which took effect at Monmouth Park in early 2022. The sportsbook has generated $40.9 million in sports betting revenue since opening, including $5.3 million in 2023 and $1.5 million through the first three months of 2024.

— Caesars Entertainment (@CaesarsEnt) May 7, 2024

The new sportsbook will have 16,000 square feet of indoor and outdoor sports viewing that will include multiple flat-screen televisions. There will be 25 self-service kiosks, and food services will be provided by Shake Shack.

“We’re extremely excited to begin this next chapter with the upcoming opening of the new Caesars Sportsbook at Monmouth Park,” said Dennis Drazin, Chairman and CEO of Darby Development, LLC, operator of Monmouth Park, in a joint statement. “This facility will be state-of-the-art with all the amenities that a first-class sportsbook can offer to patrons. 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.”

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