Bad News for Bookies: NJ One Step Closer to Legalized Sports Betting

Philadelphia may need to brace itself for a mass influx of New Jersey bookies. On Monday, the New Jersey state legislature approved a bill that would allow sports betting at Atlantic City casinos and all four of the state’s horse tracks.

Chris Christie has already promised to sign off on the bill, claiming that it will take away millions from illegal bookies in the state of New Jersey.

But before the bill becomes a law, the state must convince a federal court to overturn their ban on sports betting. Currently, only four states (Nevada, Delaware, Oregon and Montana) are legally allowed to take sports bets after being grandfathered under a 1992 Federal Law banning the activity in all other states. Nevada, of course, is the only state that actually takes bets in individual games.

Proponents of the bill are hoping it will siphon some of the gambling revenue Pennsylvania has been garnering after it allowed table games and slot machines in casinos like PARX and Sugar House.

The Casino Association of New Jersey released a statement on Monday, stating that the law would, “… provide an economic boost for Atlantic City and the entire state of New Jersey, as it would attract more tourists to our city and its world-class entertainment, thriving restaurants, brand-name retail shopping and world-famous Boardwalk.”

Source: Boston.com

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