Sports Bar Makes $3 Million Bet

Updated: May 29, 2018

By Sports Betting Buzz

The new sports bar at Monmouth Park Racetrack in New Jersey should be called The Last Chance Saloon.

Dennis Drazin, who has operated the track since 2012, realized things weren’t getting any better for the dying venue. Chris Christie, the state’s former governor, halted subsidies to New Jersey racetracks back in 2011. Attendance was falling off dramatically. Horse racing wasn’t popular. The bar had the stench of desperation.

But instead of closing the bar, Drazin doubled down.

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The trial lawyer and horse breeder has always been a firm believer in legalized gambling and put his money where his mouth is. According to The New York Times, Drazin joined up with some financial backers and paid for a crazy, hair-brained $3 million worth of renovations.

Their goal: Take the Monmouth track’s sports bar and turn it into a state-of-the-art sportsbook. Of course, sports betting was illegal at the time — and all this would have been all for nought had the Supreme Court upheld the ban on sports gambling.

The rest is history. The decision came down. The bar is ready for action.

While the venue can’t start taking wagers until the state passes the gambling bill, there’s a vote scheduled for June 7 and the racetrack hopes bettors start queuing up with cash in hand by the time the NFL season rolls around.