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August 25, 2009

Stylish OTWs are Favorites

By Lauren Lee

In our May 1, 2008 edition, The Sportsman featured a story about McLoone’s at Favorites restaurant, New Jersey’s first state-owned off-track wagering facility (OTW), located in Woodbridge, NJ. Owned by famous NJ-entertainer Tim McLoone, the son of former Freehold Raceway president Joe McLoone, Favorites set out to add style, class and sophistication to the concept of an OTW when it opened in October of 2007.

So far, so good. In its first full year of operation, the Woodbridge OTW handled $95.3 million, a pace that it has continued to keep up since then, cementing itself as the nation’s leading off-track betting facility.

On the heels of the impressive numbers posted at the Woodbridge location, the New Jersey Sports and Exposition Authority opened a similar state-of-the-art OTW in Toms River, NJ in April 2008 and have also received approval for another in Bayonne, NJ.

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