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The latest plan to save horse racing in New Jersey TRENTON – The latest plan to save horse racing in New Jersey is on Gov. Phil Murphy’s desk awaiting action: Change the way people wager so it feels more like sports betting. Since the 1930s, horse bets have relied on pari-mutuel wagering – in which the odds and payoffs are determined after the entire pool of bets is collected. A bet placed when a horse appears to have 5:1 odds could shrink to 2:1 by race time. A bill unanimously approved by lawmakers last month would introduce fixed-odds wagering – in which odds are locked in when a person buys their ticket. Both types of wagers would be offered.

United statesMount laurelNew jerseyNorth carolinaBurlington countyFreehold racewayChris mcerleanDennis drazinEd wengrynPhil murphyJersey farm bureauMonmouth parkRon dancerMeadowlands racetrackNew jersey farmState house