Sports betting is on the books in New Jersey, and parlors could begin taking best as early as Thursday.
Gov. Phil Murphy signed a law Monday to let casinos and racetracks take bets on some professional and college sporting events — following a Supreme Court decision last month that a federal ban on sports betting posed an unconstitutional infringement on states’ rights.
“Today, we’re finally making the dream of legalized sports betting a reality for New Jersey,” Murphy said in a statement.
“I’m thrilled to sign Assembly Bill 4111 because 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.”
New Jersey technically legalized sports betting at casinos and racetracks through a 2011 referendum and 2014 law, but the state warned parlors not to take bets immediately after the Supreme Court’s May 14 ruling, because it wanted to first create a permitting process for bookies.
The New Jersey Racing Commission is expected to establish a permitting process Wednesday, and parlors will then be able to apply for a “temporary waiver to commence sports betting,” Murphy’s statement said.
Betting could kick off at Monmouth Park racetrack in Oceanport as early as Thursday, the New York Times reported.
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