New Jersey legalizes sports betting

New Jersey legalizes sports betting

The state that sparked the legalization of betting in all American states will start accepting bets later this week.

Via the New York Times, New Jersey governor Phil Murphy signed on Monday a bill that legalizes sports wagering in the state whose lawsuit to overturn the federal ban made it to the Supreme Court. The betting will commence on Thursday.

“Today, we’re finally making the dream of legalized sports betting a reality for New Jersey,” Murphy said in a statement, per the Times. “It means that our casinos in Atlantic City and our racetracks throughout our state can attract new business and new fans, boosting their own long-term financial prospects. This is the right move for New Jersey and it will strengthen our economy.”

The real question is if when betting will be available through mobile devices, situs judi online allowing wagers to be placed by people who haven’t left their homes. Eventually, bets will surely be placed during Jets and Giants games at MetLife Stadium, on a variety of specific propositions like the outcome of a given play or a given drive.

“We have more than one teller,” Drazin noted.

Lesniak, the Union County Democrat who spent years leading New Jersey’s fight for sports betting, said he was “relieved” by Monday’s news.

His first bet? “France to win the World Cup,” Lesniak said.

Under the law, you cannot bet on high school sports, on college events taking place in the state, or any event involving a New Jersey college team anywhere.

The Borgata, Atlantic City’s top casino, also has a sports betting parlor ready to go. But while officials there said they’re “moving ahead with all possible speed” to open, they could not immediately say when that would happen.

Both the city’s Golden Nugget casino and Meadowlands Racetrack in East Rutherford said they should have betting up and running by the start of football season in September.

Atlantic City’s other six casinos and the state’s other racetrack, Freehold Raceway, are also expected to eventually have sports wagering. The law also allows former tracks — in Atlantic City and Cherry Hill — to accept bets.

But none of those facilities have timetables yet.

For Atlantic City, the wagering is expected to give a new reasons for tourists to trek to the seaside gambling resort, which had been on the brink of bankruptcy in recent years because of casinos popping up in neighboring states.

For racetracks, it could mean even more. Drazin said sports betting represents “survival” for Monmouth Park and other tracks in New Jersey, which do not feature casinos like other states.

“This means our whole future,” Drazin said.

It will also help the state budget.

Americans already spend billions of dollars placing sports bets through illegal bookies each year. But by legalizing it, officials say, the state can siphon off those dollars and bring the industry above ground.

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