New Jersey Government closure might result in the shutdown of Racetracks
New Jersey’s racetracks could have already run their race. With a government shutdown in the Garden State set to take place soon, punter, racing trackings, casinos and the NJ Sports Betting may be forever changed in just a few days.
According to NJ.com, racetrack operators received two letters from NJ State Attorney General’s Office on Friday. Sources say that the content of these letters centered on advising the operators of the racetracks to shut their operations due that because there was no budgetary compromised agreed upon.
The effects of these shutdowns will carry across the state of New Jersey and affect not only horse racing on the east coast but sports betting as a whole and, perhaps even the Atlantic City casinos, to a lesser degree.
With lawmakers and high profile individuals like Gov.Phil Murphy still at odds in regards to drafting the new state budget, the New Jersey in a state of chaos.
If the parties involved do not manage to find common by midnight on Saturday, the state government will be shut down. The expanding ripple effect will cause the casinos of Atlantic City and racetracks overseen by NJ Racing Commission.
As things currently stand, the racetracks will be hit harder than their casino counterparts. New Jersey state law clearly dictates that if the government has been shut for more than 7 days all casinos and racetracks within the state must do so too…
The Director of the New Jersey Racing Commission sent out Friday’s second letter where they highlighted the fact that racetracks could, in fact, stay open during this period IFthe track operator submitted a notice before 1 June declaring their intention. But while there was an opportunity given, none was taken.
The Director wrote: “No New Jersey racetrack has complied with the requirements.”
In that was racetrack operators were informed of the impending shutdown and the need to do the same. The casinos, However, do have a slightly easier time of things. But if there’s a week or twos time, can, in fact, stay open for a further 7 days, which one would think was more than enough.
Thus, racetrack operators have been warned that should the government shut down, they will have to do the same. Casinos, however, will remain open for a week.
HOW IT AFFECTS SPORTS BETTING
But, think to yourself – how squabbling politicians and a few days damage an industry this big? The issue is not over the length of time but the vital period of which it could happen:
- NJ Sports Betting was launched 2 weeks ago
- Monmouth Park and Borgata AC opened in the NJ
- Ocean Resort opened its doors last Thursday
- Meadowlands Racetrack will launch its sportsbook
- Hard Rock Atlantic City, which also opened
As it stands, all of the above and even the overall health of the industry relies on two opposing sides finding common grounds for the good of the nation, individuals and industries.
Since NJ online sports betting is only due to go live later this month, the best places to stake your potential last bets before the shutdown NJ are the racetracks and casinos. But after that, there could well be nowhere else to go
But, there is still a tiny flame of hope of the horizon….
Sen. Chris Brown recently pleaded with Murphy to declare casino and racetrack employees as “essential”. This would allow casinos and tracks to continue to run and give the NJ sports industry a helping hand during its formative years.
can be agreed upon prior to its Saturday deadline.
As State Assembly Speaker Craig Coughlin: said “I’m always hopeful. Hope springs eternal.”