New Jersey Sports Betting Law

New Jersey has proposed a sports betting law that would prohibit wagering on New Jersey based sports including college and professional sports.  Other states are calling it hypocritcal and trying to block the law.  New Jersey could take bets as early as December.

New Jersey enacted a sports betting law in January, limiting bets to the Atlantic City casinos and the state’s horse racing tracks, It is seen by supporters as a way to bring new revenue to the struggling casino and racing industries, and reclaim a portion of the billions of untaxed dollars flowing to organized crime or offshore gambling operations.

In May Governor Christie said he would proceed with enacting sports betting in New Jersey even though it prohibited by federal law except in 4 states, Nevada, Deleware, Oregon and Montana.

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