- 06 Apr
As the pari-mutuel industry prepares for a potential gambling environment that includes legalized sports betting, regulation and tax rates will be of the utmost importance, according to an official with William Hill, a British bookmaking firm with United States-based businesses.
Joe Asher, chief executive officer of William Hill US, was among the panelists for a sports betting discussion held March 14 at the National Horsemen’s Benevolent and Protective Association winter convention. William Hill a few years ago partnered with Monmouth Park in anticipation of legal sports betting becoming a reality in New Jersey—and perhaps the entire country.
An upcoming U.S. Supreme Court decision on the Professional and Amateur Sports Protection Act of 1992 could determine the fate of sports betting beyond four grandfathered states. The New Jersey Thoroughbred Horsemen’s Association, which leases and operates Monmouth through an entity called Darby Development, was at the forefront of the push for sports betting in New Jersey.