Freehold Applies For New Jersey Sportsbook Licence. Buying into the theory it’s better late than never, Freehold Raceway is making a move into the sports betting market in New Jersey nearly two years after the state legalized it.
Earlier this week, Freehold Borough Council unanimously approved a resolution in support of an application by the harness racing track to pursue a sports betting license from the New Jersey Division of Gaming Enforcement.
NJ sports betting: Freehold Raceway finally ready for sports betting, with NJ's other two racetracks having already generated $250 million in revenue over the past 20 months https://t.co/7ONpbDqUaf via @AsburyParkPress— Steve Edelson (@steveedelsonapp) March 4, 2020
The plan is to renovate within the current structure at the race track to install a brick and mortar sportsbook inside the track’s grandstand.
New Jersey A Lucrative Market
Freehold’s desire to get a piece of the action in the New Jersey sports betting game is understandable.
The Meadowlands ($208 million) and Monmouth Park ($42 million), the state’s two other horse racing tracks, have combined to handle $250 million in gross revenue from sports wagers since the first legal sports bets were placed in New Jersey in June of 2018.
More than $500 million has been wagered in the state since sports betting was legalized.
What To Expect From NJ's Freehold Sportsbook
Freehold is owned by Pennwood Racing. That’s a partnership between Penn National Gaming and Greenwood Racing.
Penn National launched the first legal sportsbook in Pennsylvania at the Hollywood Casino. There’s a deal in place for William Hill to operate an online sportsbook in partnership with the Hollywood Casino. That’s expected to be operational later this year.
As well, Penn National operates a second sportsbook in Pennsylvania out of the Meadows Racetrack. This sportsbook has an online partnership with DraftKings. They’ve been operating since last year.
Freehold Raceway Sportsbook Bonus Offers & Promotions
William Hill already operates three online partnerships in New Jersey with the Ocean Casino Resort, Monmouth Park and the Tropicana Atlantic City. If Penn National and Freehold opt to go with William Hill as their online sports betting partner, customers can likely expect a first deposit bonus of 100% up to $150 as a sign up bonus.
Should Freehold Sportsbook and Penn National opt to partner with DraftKings, here’s what new customers will likely receive: Operational in five states including New Jersey, DraftKings offer a $1000 sign up bonus awarded in a combination of a deposit bonus and risk-free bets.
The DraftKings mobile app is just like a good, solid ballplayer. It might not do any one thing spectacularly but it does all things well.
The William Hill Mobile Sports app is now available in Nevada + New Jersey + Iowa!— William Hill US (@WilliamHillUS) September 7, 2019
Sign up now ⬇️
William Hill’s app is simple and easy to use. It enables bettors to watch live matches and to cash their winner wagers.
Both apps are available for Android and iOS devices. Let's see what Freehold Sportsbook app will work with.
To fund accounts, DraftKings accepts all major credit and debit cards, as well as PayPal and bank wire transfers. All of the same major credit and debit cards are accepted by William Hill. Their sportsbooks also take the Pay+ card, Skrill, bank wire transfer and cash at their brick and mortar sportsbooks.