sport news – Sports betting bill expected to pass New Jersey legislature
(Reuters) – New Jersey’s legislature is anticipated to cross a invoice on Thursday to control and tax sports activities betting at casinos and racetracks, which might make it one of many first states to legalize the exercise following a U.S. Supreme Court docket ruling final month.
Governor Phil Murphy nonetheless must signal the laws earlier than operators might begin taking sports activities wagers.
A state legislative committee superior the invoice on Tuesday with none of the fraud-fighting measures requested by skilled sports activities leagues.
New Jersey and different states are racing for a chunk of the estimated $150 billion spent on unlawful annual wagers in the US, after the court docket in Might overturned a 1992 legislation that had banned sports activities wagering besides in just a few locations, together with Las Vegas.
Delaware, which already had restricted sports activities wagers, rolled out full-scale betting on Tuesday.
In New Jersey, the U.S. unit of UK-based William Hill PLC has for years been making ready a sports activities books at Monmouth Park Racetrack.
In New Jersey’s fiscally careworn playing hub Atlantic Metropolis, William Hill additionally plans to function a 7,500 sq. foot, $6 million sports activities guide gaming space on the former Revel On line casino, which is now referred to as the Ocean Resort On line casino and is ready to open later in June.
Reporting by Hilary Russ; Enhancing by Invoice Trott