Dennis Drazin

The Week in Review: How Long Can Racing Fend off the Sports Betting Juggernaut

When it was announced last week that a record $748.6 million had been wagered on sports during September in New Jersey that appeared to be more bad news for horse racing. It was the most ever bet in any one state during a month and a sign of the times. The amount legally wagered on sports in this country is soaring, with no end in sight, and it stood to reason that some of that money had been siphoned off from racing. Sports betting is now available in 18 states...

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New Jersey Purse Subsidy Cut by Just $5 Million

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...

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Betfair to Pull Plug on NJ Betting Exchange

Beginning Oct. 1, Betfair will no longer accept exchange wagers from its New Jersey customers, ending a brief and unsuccessful experiment in the U.S. for a form of wagering that couldn't overcome a number of obstacles that stood in its way of success. Founded in 2000, Betfair introduced exchange wagering in the U.K., where it proved to be wildly popular. A betting exchange is a marketplace where customers set their own odds on a horse. If someone accepts those odds, the bets are matched. This also allows customers to act...

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Monmouth Park’s Dennis Drazin Issues Statement Supporting Horse Racing Integrity and Safety Act

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...

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Horologist Co-Owner Banned For Appearing In Winner’s Circle

Cameron Beatty, a co-owner of Horologist (Gemologist), has been banned from Monmouth Park for the remainder of the 2020 meet after he appeared in the winner's circle following her win in the June 18 GIII Molly Pitcher S. Because of the coronavirus, Monmouth is not allowing owners in the winner's circle or in the paddock. Dennis Drazin, who heads the management team that runs Monmouth, said that, for now, the suspension means only that Beatty is not allowed on the premises. However, he said further disciplinary actions could be taken...

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Thoroughbred Meet at Meadowlands a No-Go for 2020

The planned return of autumn Thoroughbred racing on both dirt and turf at the Meadowlands will have to wait for another year. The New Jersey Thoroughbred Horsemen's Association (NJTHA) and track management at the Meadowlands have come to a mutual decision not to convert the facility's main dirt track from a Standardbred to a Thoroughbred setup for 19 already-allotted Friday and Saturday dates between Oct. 2 and Dec. 5. Under an agreement reached last year, dual-surface Thoroughbred racing was to be conducted at the Meadowlands for the first time since...

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BetMakers To Sponsor $1M Bonus For Haskell, Derby, Classic Sweep

BetMakers Technology Group will sponsor a $1-million bonus for any horse that manages to sweep the GI TVG.com Haskell S., the GI Kentucky Derby and GI Breeders' Cup Classic. The promotion will be known as the 'BetMakers Bonanza.' Todd Buckingham, CEO of BetMakers, confirmed that they will offer the bonus structure for the next three years. "We are delighted to sponsor this bonus for the next three years and hope it can attract the best horses to attempt the lucrative quest beginning with the Haskell at Monmouth Park this year,"...

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Monmouth Attendance Will Be Limited to Fewer Than 3,000

Hoping to allow crowds as large as 15,000 to its live racing days, Monmouth Park management has been given new guidelines by Governor Phil Murphy's office that will cap live attendance at a much smaller number. Dennis Drazin, chairman and CEO of Darby Development LLC., which operates the track, was still crunching the numbers yesterday prior to opening day at the abbreviated meet and going over what he could and could not do, but estimated that the amount of people that would be allowed in the track would be between...

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Monmouth Park Can Open With Fans

New Jersey Governor Phil Murphy announced Monday that, as of July 2, the state's casinos and racetracks can open at 25% capacity. Dennis Drazin, who heads the operations team at Monmouth Park, said that while some details still need to be clarified by Murphy's office, he is of the belief that Monmouth can allow as many as 15,000 people a day at the races. Drazin bases that number on Monmouth being able to accommodate as many as 60,000 fans, roughly the number that attended American Pharoah's GI Haskell Invitational in...

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Leonard Green Named 2020 ‘Buddy’ Raines Award Winner

Longtime owner and breeder Leonard Green, whose D J Stable has been a fixture at Monmouth Park for nearly four decades, has been named the 2020 winner of the New Jersey track's Virgil "Buddy" Raines Distinguished Achievement Award. Dennis Drazin, chairman and CEO of Darby Development, operator of Monmouth Park, said Green "exemplifies everything that is good about Thoroughbred racing." Drazin continued, "The Raines Award honors the very best in our sport and Leonard Green has represented that for many years now." Leonard and Lois Green's D.J. Stable has been...

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Horse Racing Gets Green Light in New Jersey

During his daily press briefing on the coronavirus pandemic in New Jersey, Governor Phil Murphy announced that horse racing in the state can return, spectator-free, as early as next week. Sticking to its original plan, Monmouth Park will conduct its first day of live racing Friday, July 3. "We're incredibly thankful to Governor Murphy for letting us get back to work," said Dennis Drazin, Chairman and CEO of Darby Development, LLC, operators of Monmouth Park. "This is welcome news for horsemen and even better news for New Jerseyans. "The Governor...

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Monmouth Announces Revised Stakes Schedule

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.,...

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