NJ Panel to Consider Law on Sports Betting

Written by:
Guest
Published on:
Feb/08/2010

TRENTON -- Legislation that would allow New Jersey's horse racing tracks and Atlantic City casinos to accept wagers on sporting events will go before an Assembly panel this week.

It would allow gamblers to make bets in person or via telephone or the Internet, though wagers would not be allowed on college games that take place in the Garden State or involve a New Jersey college team, regardless of where the game was played.

But before any such law could be enacted, voters would first have to amend the state Constitution to permit such wagering.

The state would also need a legal victory in a federal lawsuit filed last year by a state senator that seeks to overturn a federal ban on sports betting in New Jersey and 45 other states.

Source:  www.nj.com

Gambling News

Kalshi Election Betting Full Speed Ahead

The financial reform advocacy group Better Markets blasted the CFTC’s decision to drop the appeal, calling it “a stark betrayal of the public interest.”

Syndicate