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

Game On! Legislature Approves Sports Betting in New Jersey

Fans can now wager on NASCAR races at Dover

The talk came shortly after state lawmakers passed historic legislation Thursday that would finally allow legal sports betting online and in person at casinos and tracks in New Jersey after the state won a seven-year court battle.

Legal sports betting is already paying off for the state of DE, which earned a six-figure haul on its first day taking wagers since the U.S. Supreme Court overturned a federal ban on the pastime. Bettors will have to be at least 21, and no wagers will be allowed on collegiate events taking place in New Jersey, or on teams from colleges based in the state, no matter where the competitions are held.

Murphy has been feuding with legislators over priorities in the state's budget, and there has been speculation he might use approval of sports betting to get something else he wants from legislators.

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. The NBA, MLB, and PGA recently claimed that if sports betting is legalized on a state level, they would want to receive some 0.25 percent of every wager placed on their games as a so-called integrity fee.

New Jersey officials are cracking the whip on horse racing tracks that are contemplating starting to offer sports betting before Gov. Phil Murphy signs the bill permitting it.

State Senate President Stephen Sweeney originally included language in the bill that would keep casinos and tracks from accepting bets until Murphy signed the measure into law, putting a regulatory structure in place. State lottery director Vernon Kirk told ESPN that $322,135 in bets were taken at Delaware Park, Dover Downs Hotel & Casino and Harrington Raceway & Casino.

But the change allows him to offer bets on other sports except for basketball. We just got the bill.

"We are grateful to the legislature for listening to our concerns and including the Golden Nugget in the sports betting legislation".

Game On! Legislature Approves Sports Betting in New Jersey

Delaware, which already had limited sports wagers, rolled out full-scale betting on Tuesday.

The New Jersey Assembly has unanimously approved a bill that would legalize sports betting.

New Jersey lawmakers are rethinking a law that would have banned one Atlantic City casino from offering sports betting.

PASPA granted an exception for Nevada, Oregon and DE, and further exempted New Jersey if the state enacted legislation within a year allowing sports gambling.

The High Court justices spent years reviewing the Professional and Amateur Sports Protection Act, which prohibited states from authorizing, licensing, regulating and controlling sports gambling. The 1.25 percent add-on fee for tracks would be split among the host community and the county in which the track operates.

It will do likewise at Tioga Downs Racetrack in NY. Internet betting would begin 30 days after the rest of the law takes effect.

A last-minute change allowed the Golden Nugget to take sports bets, despite the fact that its owner, Texas Billionaire Tilman Fertitta, also owns the NBA's Houston Rockets.




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