Key Takeaways
- Last month, the highest court in the land ruled in a 6-3 decision that individual states have the right to regulate their own legal status of sports betting.
- On Wednesday the New Jersey Racing Commission is expected to adopt the temporary regulations after which the Governor will ratify the decision.
- State regulators will issue a temporary waiver to allow the start of sports betting in the state.
- “Today, we’re finally making the dream of legalized sports betting a reality for New Jersey.”
Legalized sports betting is finally coming to the state of New Jersey. On Monday, Governor Phil Murphy signed Assembly Bill 4111 into law.
“Today, we’re finally making the dream of legalized sports betting a reality for New Jersey,” said Governor Murphy in a press release announcing the historic event.
“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,” he added. “This is the right move for New Jersey and it will strengthen our economy.”
