Darby Development

New Jersey racing has not had it easy, and has not had it easy for a long time. Monmouth was in such dire straits that, after the end of the 2025 meet, there was so little money in its coffers that the track wasn't able to pay horsemen money that was owed to them for months. That problem arose despite the fact Monmouth was receiving an annual $10-million subsidy from the state to supplement purses. Worried that the subsidy, never a sure thing, might go away under the newly elected...

The Thoroughbred Breeders' Association of New Jersey (TBANJ) has announced that it has reached an agreement with Darby Development, the management company that oversees operations at Monmouth Park, that should end what had been a stalemate concerning future racing dates at the seaside track. In a statement released Wednesday, the TBANJ said it was supporting "an amended bill that protects Thoroughbred racing and breeding in New Jersey." With the possibility that a $10-million subsidy that had been used to enhance purses at Monmouth Park might not be available in the...

A vote scheduled for Thursday, Jan. 8 in New Jersey's Senate Budget and Appropriations Committee appears to threaten Thoroughbred racing dates in the state, cutting the required number from 50 to 25. The story was first reported by DRF's Matt Hegarty. Michael Campbell, the executive director for the Thoroughbred Breeders' Association of New Jersey, sent out a letter to Association members Tuesday warning breeders of "serious threat" to the New Jersey Thoroughbred breeding industry if the bill is passed. "This drastic reduction would effectively eliminate the foundation necessary to sustain...

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...