Beck, O’Scanlon, Casagrande Praise Governor’s Action on Wagering Bills

Trenton— Senator Jennifer Beck and Assemblymen Declan O’Scanlon and Caroline Casagrande (all R- Monmouth/Middlesex) today said that Governor Christie’s actions on off-track, exchange wagering, and pari-mutuel betting legislation will strengthen New Jersey’s horse racing industry. Governor Christie signed A-2926 and A-3200, which establishes a system of exchange wagering for in-state and out of state races and single pool betting, respectively. The Governor offered a conditional veto recommending minor changes to A-1705, which expands off-track and account wagering.

Senator Jennifer Beck

“Horse racing is vital part of our regional economy and helps preserve significant amounts of open space in our state. Exchange wagering and pari-mutuel betting will help the industry adapt to a changing market and consumer preferences and lend a much needed boost to the racing industry’s revenues. The Governor has also offered sensible revisions in his conditional veto of the off track wagering bill that I believe can and should be swiftly adopted by the Legislature.”

Assemblyman Declan O’Scanlon

“I have always believed that revitalizing Atlantic City and saving the horse racing industry do not have to be mutually exclusive endeavors. I am very pleased that the Governor has signed two bills that will help horse racing survive through innovative and creative betting instruments. I also want to thank him for working with and listening to racing advocates such as myself as he plots an improved course for the gaming industry as a whole in New Jersey.”

Assemblywoman Caroline Casagrande

“The most effective type of aid horse racing can receive is that which helps the industry stand on its own two feet. Exchange and single pool pari-mutuel betting are a step in the direction of doing just that. Off track betting is also a critical component of the equation for a stronger horse racing industry, and I call on my colleagues to swiftly take up the changes recommended in the Governor’s conditional veto which are neither unreasonable nor a threat to the overall objective of the bill.”