Darby Development

Can racing withstand the addition of yet another existential threat to the ever-expanding list of practices deemed harmful to our sport's health? Dennis Drazin, the chairman and chief executive officer of Darby Development LLC, which operates Monmouth Park, warned last week that the rising wave of prediction markets should be met with a greater sense of urgency and should be getting more scrutiny from racetrack operators and regulators. "I'm growing more and more concerned about the prediction market companies, such as Kalshi, Polymarket, and others that are now offering bets...

A 2016 referendum that would have allowed the Meadowlands to open a casino was a colossal failure. The ballot question lost by about 1.5 million votes. But nine years later, there is renewed hope that casino gaming could be on its way to two of the last tracks in the country that do not benefit from gaming revenue. Meadowlands owner Jeff Gural is confident that he will get a casino license sometime in 2026. Monmouth officials are also hopeful voters will approve a casino at the Jersey Shore track. If...

Monmouth Park sits on 310 acres of land in Oceanport, NJ, but, as is the case with most tracks in a modern era where on-track crowds have dwindled, much of the property includes empty stands and parking lots. But that is about to change as real estate developer and horse owner Morris Bailey has unveiled plans to develop 80 acres of the property that will be used to for a 298-unit residential building, a 200-room hotel, a youth sports center and, perhaps, a concert venue. Dennis Drazin said it has...

After a dozen years as lessee of Monmouth Park Racetrack, the New Jersey Thoroughbred Horsemen's Association (NJTHA), in conjunction with the New Jersey Sports & Exposition Authority (NJSEA) has transferred the racetrack, effective immediately, to Dennis Drazin's Darby Development LLC, under a new 85-year lease agreement, the track said in a release on Thursday. Darby had been the operator of the racetrack under the NJTHA and will now take full custody of the grounds with sights set on further expansion. "Let me start by thanking Governor Murphy for entrusting me,...

NYRA Bets will act as the managing vendor of New Jersey's online and mobile pari-mutuel account wagering system for horse racing under an agreement signed by Darby Development, acting as agent of the New Jersey Sports & Exposition Authority. Under the agreement, 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 will soon be able to choose among multiple account wagering...

Both houses of the New Jersey Legislature on Friday unanimously extended a five-year package that will grant $20 million in annual purse subsidies to the state's Thoroughbred and Standardbred industries. If signed by Governor Phil Murphy as expected, the bill will infuse $10 million into Monmouth Park's purses every year through 2029. The June 28 vote was 76-0 in the Assembly and 40-0 in the Senate. "We're extremely happy that the Legislature again decided to help support the racing and breeding industries in New Jersey," said Dennis Drazin, the chairman...

Race caller and TVG analyst Larry Collmus, whose distinguished career includes a 20-year stint as Monmouth Park's track announcer, has been named the winner of the 2023 Bill Handleman Award for outstanding coverage of last year's GI TVG.com Haskell S. First presented in 2012, the Handleman Award honors the late Bill Handleman, one of New Jersey's top sportswriters for nearly three decades for the Asbury Park Press. Handleman, a fixture at Monmouth Park and a passionate chronicler of the sport, died in June of 2010 at the age of 62....

Fixed Odds wagering moved a step closer to becoming a reality during the upcoming Monmouth Park meet after the New Jersey State Assembly approved a bill on Thursday by a 74-0-1 vote that would permit the new betting platform. The bill now moves onto to the State Senate and if successful would then go to Gov. Phil Murphy for a signature. Monmouth Park's 76th season gets underway Friday, May 28. "This is an exciting new wagering opportunity for our fans and we're grateful for the support from our legislators and...

Monmouth Park will switch to a 12:15 p.m. post time during live racing on Saturdays and Sundays while continuing to offer free parking and admission when the track's 76th season gets underway Friday, May 28. Post time on Fridays throughout the 53-day meet will be 5 p.m. The lone exception to the new 12:15 post time, as well as to the free parking and admission policy, will be July 17, when the $1 million TVG.com Haskell Stakes will be contested for the 54th time. Monmouth Park's live racing schedule runs...

After a $20 million purse subsidy that was used to bolster purses at New Jersey's Thoroughbred and Standardbred tracks was left out of an initial budget proposal from Governor Phil Murphy, lawmakers have approval a final budget that will include a $15 million subsidy for the 2021 racing season. The money will be divided evenly between the two breeds. "I am pleased that the governor has seen fit to give us back 15 of the $20 million that is going to go support purses next year," said Dennis Drazin, Chairman...

Darby Development CEO and Monmouth Park Operator Dennis Drazin issued the following statement Friday regarding the Horse Racing Integrity and Safety Act: As Chairman and CEO of Monmouth Park Racetrack and as counsel and advisor to the New Jersey Thoroughbred Horsemen's Association (NJTHA), I am pleased to announce Monmouth Park's support for the Horse Racing Integrity and Safety Act. I had the opportunity to listen carefully to the press conference at Keeneland where Senator Mitch McConnell announced his support for this historic legislation designed to improve the integrity and safety...

Monmouth Park, which has delayed the start of its racing season until July 3, has revised its stakes schedule to include 35 races totaling $5,050,000. The schedule's traditional anchor race, the $1-million GI TVG.com Haskell S. remains scheduled for July 18, but will not be run as an invitational in 2020. The nine-furlong race will be contested as a stakes race and nominations  will close June 26. The July 18 card will also feature the $300,000 GI United Nations S., GIII $300,000 Monmouth Cup S., $250,000 GIII Molly Pitcher S.,...