A betting exchange may be on the way. Here's a few links from the last couple of days for those curious.
http://www.drf.com/news/article/114025.html
http://www.bloodhorse.com/horse-racing/articles/57540/nj-panel-oks-bill-on-betting-exchange
http://www.njleg.state.nj.us/2010/Bills/A3000/2926_I1.PDF
http://www.njleg.state.nj.us/2010/Bills/A3000/2926_S1.PDF
http://www.drf.com/news/article/114025.html
http://www.bloodhorse.com/horse-racing/articles/57540/nj-panel-oks-bill-on-betting-exchange
http://www.njleg.state.nj.us/2010/Bills/A3000/2926_I1.PDF
http://www.njleg.state.nj.us/2010/Bills/A3000/2926_S1.PDF