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Bill would keep 4 New Jersey casinos in sports betting game

11 June 2018

The bill is now heading to Gov. Phil Murphy's desk.

Murphy was due to appear in New Brunswick at 11 a.m. Friday at an event about apprenticeships. The bill would allow Atlantic City casinos and racetracks, including Monmouth, the Meadowlands and Freehold Raceway, to offer sports betting. It indicated late Thursday it would wait for Murphy to act, noting "the governor must still sign the bill" and that it is "eager to review regulations as soon as they are issued".

While some top lawmakers said they expected Monmouth Park to begin taking bets Friday - with or without the governor's blessing - others said they expected Murphy to consider the bill during the weekend before acting.

Technically, casinos and tracks are free to take bets now.

No major professional leagues have confirmed their participation in the trade show's sports betting symposium. "Gonna lose a little bit of my paycheck".

Some were hoping he'd do so Friday to get betting going immediately.

DE could earn anywhere from $350 million to $760 million annually from sports betting, according to projections from research firm Eilers & Krejcik. 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. "This is hypocrisy. Nine years of fighting the State of New Jersey, and you come here?" "We can now seize the opportunity with a new sector of gaming that will help create jobs, generate economic growth and be an important boost to the casino industry and horse racing". The development comes after last month's landmark Supreme Court decision that struck down the federal law banning wagering on sports teams, and days after DE became the first state other than Nevada to start offering Las Vegas-style wagering.

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The amount of money that the state can expect to reap from sports betting is unclear.

"I think it will boost business, bring a lot of new people to the area", Oceanport resident Janet Cosengino added.

Legal sports betting began this week in DE, where in-person, casino-based gambling is now available.

Recent press reports in the United States have raised doubts as to whether certain casinos in New Jersey will be able to offer online sports betting due to their ownership or affiliation with sports teams.

"Today is the day that New Jersey gets the same benefits that Las Vegas does", he said. "This will change that". However, the Golden Nugget casino is excluded from taking bets on the N.B.A. because its owner, Tilman Fertitta, is an owner of basketball's Houston Rockets. In a joint statement, Major League Baseball, the National Basketball Association and the PGA Golf Tournament called on Murphy to "fix" the bill before acting on it.

Murphy says that once he signs the bills, New Jersey will have some of the toughest gun laws in the nation. "The bill allows for the creation of non-transparent betting markets that deny sports leagues critical tools to monitor betting activity and conduct integrity investigations".

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.

Bill would keep 4 New Jersey casinos in sports betting game