On your mark, get set, waiting for the 'go' on sports bets

Game On! Legislature Approves Sports Betting in New Jersey

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.

"I want sports betting", Murphy said during a news conference in New Brunswick.

New Jersey lawmakers gave final approved Thursday to a bill to legalize sports betting three weeks after winning the right to do so in a U.S. Supreme Court case.

Fertitta owns the NBA's Houston Rockets, and would have been shut out of sports betting under previous versions of the bill. The bill previously shut the Golden Nugget out of sports betting, but a change allowed it to offer bets on sports other than basketball.

"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.

Writing for the majority, Justice Samuel Alito Jr. said the law "unequivocally dictates what a state legislature may or may not do".

Thus far, no state law has made it to the books with the integrity fee attached.

In May, the Supreme Court voted to overturn the federal 1992 Professional and Amateur Sports Protection Act (PASPA), in a move that will now enable states to individually legalise sports betting.

New Jersey officials warned racetracks late Thursday that they must hold off on accepting wagers on sports games until Gov. The Borgata casino in Atlantic City is also poised to take bets as soon as Mr. Murphy signs the bill.

The commission's letter was sent to Dennis Drazin, Monmouth Park's operator, and the general managers of Freehold Raceway and New Meadowlands Racetrack in East Rutherford. This could result in sports betting offerings launching operation in the upcoming weeks, but eSports events remain excluded from the sports wagering sector.

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The Dublin-based bookmaker Paddy Power Betfair agreed in May, after the US high-court's ruling, to merge its USA business with fantasy sports giant FanDuel. It has said that it already has assigned 50 employees to Monmouth Park in anticipation of accepting sports bets. The track has loudly wanted to begin taking bets Friday. "We're not sitting on it", the governor said.

It remains unclear what the track's plans are and when the governor might act.

Pennsylvania also prospectively legalized sports betting previous year, but it could be months before regulations are in place that would allow sports books to open.

Both the Senate and the General Assembly passed the bill after a round of lobbying during the morning and the early afternoon.

The legislation heads to the desk of Gov. Phil Murphy. But his office said it plans to conduct a "thorough review" of the legislation.

Arizona would receive $35.8 million to $178.9 million in taxes from sports betting by 2023, according to a 2017 report from Las Vegas-based Global Market Advisors. The expansion will allow for players to wager on football, professional baseball, basketball, hockey and other sports.

Former state Sen. Raymond Lesniak, who led the fight for sports betting for eight years, predicted it will help turn around Atlantic City, where casino gambling had been in decline.

New Jersey lost numerous battles along the way but it has won the war, and New Jersey sports betting has just about arrived.

Attention now shifts to Mr. Murphy, who is expected to return to New Jersey later Thursday from an overseas trip.

Despite the desire of Atlantic City casinos and state racetracks to begin taking bets Friday morning, it's uncertain when the Democratic governor will let them.

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