NJ sports betting edges forward to reality

NJ sports betting edges forward to reality

By site_editor

Legal Sports Report, June 7 18 (and various media) report that the bil, which would allow sports betting in NJ  — A 4111 — passed 73-0. Shortly thereafter, the Senate took up the same bill and passed it in short order.

'The legislation heads to the desk of Gov. Phil Murphy. Murphy has been coy about when he might sign the bill, indicating he might not immediately do so. He technically has 45 days to act on the NJ sports betting legislation, although it’s not likely to take anywhere near that amount of time to gain his signature.

The bill would allow casinos and racetracks to offer land-based wagering immediately. Online wagering could take place 30 days after enactment.

The state has been moving quickly to pass a law that regulates and taxes wagering, after NJ won its US Supreme Court case regarding the federal ban sports betting outside of Nevada. That law — PASPA — was struck down, allowing states to legalize sports gambling, if they choose to do so.'

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