Saturday, 20 October, 2018

NJ governor offers no timetable on sports betting

Dover casino adds wagering on NASCAR			Image by Lesley Ann Miller  LAT Dover casino adds wagering on NASCAR Image by Lesley Ann Miller LAT
Frederick Owens | 11 June, 2018, 23:43

All eyes were on Gov. Phil Murphy on Thursday, immediately after the state Assembly and Senate unanimously passed a bill to allow sports betting three weeks after winning a U.S. Supreme Court case that cleared the way for them and all other states to do so. The development comes after last month's landmark Supreme Court decision that struck down the federal law banning wagering on sports teams, and days after DE became the first state other than Nevada to start offering Las Vegas-style wagering. 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. But the Democratic governor would not signal whether he would sign the bill - or even when he might decide.

Moments after the New Jersey Legislature gave final approval to a bill legalizing sports betting, Betfair US announced it will offer sports betting at the Meadowlands Racetrack in East Rutherford, just outside New York City. Any track that starts taking bets before the governor signs the bill jeopardizes its ability to become licensed to offer sports betting, warned Racing Commission Director Frank Zanzuccki.

Adding to the confusion was an action the legislators took before approving the bill: They stripped out a provision that would have prohibited any casino or track from beginning to offer sports betting before the bill was signed.

Atlantic City casinos, along with other racetracks around the state, also are preparing to begin taking bets quickly, both in-person and online, as soon as their sports betting rooms are prepared.

But the change allows him to offer bets on other sports except for basketball. But his office said it plans to conduct a "thorough review" of the legislation.

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

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

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.

The bill contains none of the fraud-fighting measures requested by professional sports leagues, including real-time game data sharing with casinos and state regulators, as well as fees to the leagues to help pay for expanded monitoring and investigations.

New Jersey is one of the states that allow online gambling and reaps the benefits from this offering, qualifying the location as one of the forward-thinking ones. Now, any state is free to adopt laws legalizing it, and analysts expect most to do so.

NY might not be too far behind New Jersey, Overmyer reported. Internet betting would begin 30 days after the rest of the law takes effect. "Longstanding practice in Nevada where sports betting has been legal for decades only prohibits Golden Nugget from accepting wagers on the Houston Rockets".

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