Sports betting might actually begin Friday in N.J


In New Jersey, the US unit of UK-based William Hill PLC has for years been preparing sports books at Monmouth Park Racetrack. Truck Series lines will be available when the series returns to Dover in May 2019. This is a workaround to allow the Golden Nugget to have sports betting, even though it is owned by a pro-team owner, who would have been precluded from obtaining a license in the earlier version of the bill. 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.

"Our fans over the age of 21 can enjoy wagering on their favorite driver when they are here during the NASCAR playoff run this fall".

Recent press reports in the U.S. 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. But when the wagering can begin and the money start changing hands is anyone's bet: The bill is now with Democratic Gov. Phil Murphy, whose office won't say when he might act on it.

State lawmakers are planning to strip away a provision that has prevented the state's casinos and racetracks from accepting wagers on sports games in the month since the U.S. Supreme Court overturned a federal ban on such betting, according to three sources familiar with the situation. The bill is now heading to Gov. Phil Murphy's desk. The Supreme Court case was the culmination of almost a decade of fighting to legalize sports betting in New Jersey. "He said he wants to act quickly, but the legislation will be subject to the same thorough review that all legislation sent to him for signature is subject to", said his spokesman, Dan Bryan. The track has loudly wanted to begin taking bets Friday.

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It looked for a time like Monmouth and the others might be emboldened enough to start taking bets without waiting for Murphy to act.

Yesterday, the NJ senate approved a regulation to allow casino and online sports gambling. It would benefit the Borgata and three casinos owned by Caesars Entertainment.

In the state's fiscally stressed gambling hub Atlantic City, William Hill also plans to operate a 7,500-square-foot, $6 million sports betting area at the twice-bankrupt former Revel Casino Hotel, which is now called the Ocean Resort Casino and is set to open later in June.

Earlier in the day, the Assembly's first order of business was tacking on an amendment that would allow the Atlantic City Golden Nugget, which is owned by Houston Rockets owner Tilman Fertitta, to have sports betting on all leagues except for the National Basketball Association. A report this week by Eilers & Krejcik Gaming predicted that only six states will not have approved sports betting by 2023. A clause to allow the Golden Nugget to participate was added to the bill Thursday.

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Texas billionaire Tilman Fertitta owns the Golden Nugget and the NBA's Houston Rockets.

New Jersey's proposed sports betting law is heading down to the wire.

The bill would allow casinos and racetracks to offer land-based wagering immediately. States are now free to pass laws legalizing gambling.

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