Published: Mon, June 11, 2018
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NJ Legislature Passes Sports Betting Bill | TDN

NJ Legislature Passes Sports Betting Bill | TDN

Phil Murphy signs newly passed legislation to authorize such betting, according to a letter obtained by NJ Advance Media.

New Jersey is one of the states that allow online gambling and reaps the benefits from this offering, qualifying the location as one of the forward-thinking ones.

While some top lawmakers said they expected Monmouth Park, a racetrack near the Jersey shore in Oceanport, to begin taking bets Friday, others said they expected Murphy to consider the bill during the weekend before acting. Drazin said it was possible because of a 2014 law the state enacted to get around the federal ban by allowing sports wagering at casinos and tracks without state regulation.

You will be able to bet on all professional sports - everything from the victor down to prop best, like who catches the first touchdown. But his office said it plans to conduct a "thorough review" of the legislation. "Gonna lose a little bit of my paycheck". Churchill Downs also owns and operates, one of the leading account-wagering companies in the U.S. The partnership is expected to begin taking bets in the first quarter of 2019, the companies said at the time of the announcements. However, if a game involving two schools from other states is played in New Jersey, it's fair game.

"You guys are in it to make money", said Assemblyman Ralph Caputo, a Democrat from northern New Jersey and chairman of the Tourism, Gaming and the Arts committee.

The state's casinos and racetracks are itching to start taking bets on sports now that New Jersey has won a U.S. Supreme Court case clearing the way for it and all the other states to do so. Now, any state is free to adopt laws legalizing it, and analysts expect most to do so. The state had previously offered sports betting on a limited scale.

New Jersey is set to become the second state to legalize sports wagers outside Nevada following DE, where wagering began Tuesday.

That exemption led to broader sports betting legislation passed in 2009 and Delaware's National Football League parlay wagering system, which gave the state a head start in offering more wagers.

Get prep sports breaking news alerts from the Gwinnett Daily Post staff delivered to your email. "This will change that". In a contentious hearing on Monday, Major League Baseball, the N.B.A. and the Professional Golfers Association lobbied for an "integrity tax" to help pay for increased security to protect against cheating and to enhance statistical operations for real-time data used for in-game betting.

In an attempted end-run around the Democratic governor, New Jersey legislators eliminated language in the bill that prohibited bets from being taken before the bill is signed.

Fertitta owns the NBA's Houston Rockets, and would have been shut out of sports betting under previous versions of the bill.

In Mississippi, where lawmakers proactively legalized sports gambling at the state's 28 licensed casinos in anticipation of a favorable Supreme Court decision, regulators have proposed rules that could be voted on as early as June 21.

The bill would allow casinos and racetracks to offer land-based wagering immediately.

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