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OCEANPORT ENDORSES SPORTS WAGERING BALLOT QUESTION

MANALAPAN, NJ – November 1, 2011 – Oceanport’s mayor and council issued a press release and approved a resolution in support of Public Question 1 on the November 8, 2011 ballot.

OCEANPORT, NJ – October 30, 2011 -- As elected representatives of Oceanport, we have a significant responsibility to provide leadership which will seek sustainable solutions to strengthen our community. Oceanport wishes to support a constitutional amendment allowing for wagering on sporting matches which benefits our residents now and far into the future by providing a conducive atmosphere where the New Jersey horse racing industry can thrive and compete with surrounding states.

Mayor Michael J. Mahon, “The economic impact of the horse racing industry is substantial to our well being locally, regionally and statewide.”

By endorsing Public Question 1 on the General Election Ballot of November 8th, 2011, Oceanport is pledging to the State of New Jersey that it supports the amending of the Constitution of the State of New Jersey to allow Oceanport and other regions of the state to remain leaders in professional horse racing by providing them with the legal authority to compete with surrounding states, such as New York, Pennsylvania and Delaware.

Councilman Joseph Irace, “"If it gets approved, that's only step one. Step two would be the legislature would have to draft a bill and then appeal to the federal government.”

The Governing Body of the Borough of Oceanport will be unanimously supporting the attached resolution at our next Council Meeting on November 3rd.

"It certainly helps the State of New Jersey and a $13 billion industry that supports open space," said Mahon.

WHEREAS, On November 8, 2011, New Jersey's statewide elections will feature a constitutional amendment, "authorizing the legislature by law to allow wagering on sports events at Atlantic City casinos and at horse racetracks"; and

WHEREAS, Oceanport has been home to Monmouth Park since 1870 and have long shared a special relationship; and

WHEREAS, The Oceanport Governing Body and the Oceanport Task Force have long supported the horse racing industry and its $780 million of economic impact, $115 million in taxes, 56,000 acres of working agricultural landscape and open space and 7,000 jobs, including 910 directly related to Monmouth Park.

WHEREAS, Since January 1, 1993, the federal “Professional and Amateur Sports Protection Act,” 28 U.S.C. §§3701 et seq., has prohibited New Jersey from authorizing sports wagering; and

WHEREAS, According to the National Gambling Impact Study Commission, illegal sports wagering amounts to about $380 billion each year; and

WHEREAS, Under the terms of the federal law, Nevada is the only state where sports
wagering is legally permitted, and this activity has resulted in great direct and indirect revenues to that state’s economy; and

WHEREAS, The State of New Jersey would benefit significantly from sports wagering at
New Jersey's racetracks and Atlantic City casinos:

WHEREAS, The additional revenue created by legal sports wagering at the state's race
tracks would substantially improve the financial health and competitiveness of New Jersey's horse racing industry; and

WHEREAS, New Jersey's racing industry, both thoroughbred and standardbred, directly
and indirectly creates thousands of jobs in our community, which are currently under threat from competition by neighboring states with more substantial financial resources from racino revenue to subsidize their own racing industries and prize pools, would be made; and

WHEREAS, the federal sports wagering ban is not effective in curbing illegal sport
gambling, so that lifting the ban on sports wagering would allow state gaming enforcement agencies to properly regulate and police this activity;

NOW THEREFORE BE IT RESOLVED by the Mayor & Council of the Borough of Oceanport that they support a constitutional amendment, "authorizing the legislature by law to allow wagering on sports events at Atlantic City casinos and at horse racetracks"; and urge residents to do the same when voting on November 8, 2011; and

BE IT RESOLVED that a certified copy of this resolution be sent to Governor Chris Christie, the Monmouth County Board of Chosen Freeholders, Senator Sean T. Kean, Assemblywoman Mary Pat Angelini, Assemblyman David P. Rible, Senator Jennifer Beck, Assemblywoman Caroline Casagrande, Assemblyman Declan J. O’Scanlon, Jr., Senator Joseph M. Kyrillos, Jr., Assemblywoman Amy H. Handlin, Assemblyman Samuel D. Thompson.

--Submitted by the Borough of Oceanport