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New Jersey expected to OK sports betting law

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Delaware Gov. John Carney holds a $10 bill he used to place the first bet at Dover Downs Casino on Tuesday in Dover Del. Delaware is the first state to launch legal sports betting since a Supreme Court decision allowed states to legalize such gambling

Earlier in the day, the Assembly's first order of business was tacking on an amendment that would allow the Atlantic City Golden Nugget, which is owned by Houston Rockets owner Tilman Fertitta, to have sports betting on all leagues except for the National Basketball Association.

Thanks to a recent U.S. Supreme Court decision, the state of DE approved sports betting and on Tuesday Gov. John Carney placed the first bet, wagering $10 on a Major League Baseball game.

BC-US-Sports Betting-NJ, 3rd Ld-Writethru, 533New Jersey governor: No timetable to act on sports betsAP Photo NYHK302Eds: Updates with additional quote from Murphy explaining why he won't be rushed. However, the racetrack said it would defer to state legislation on the subject, and the Senate immediately introduced a bill preventing anyone from receiving a sports-betting license if it began taking bets before state regulations were passed.

However, GAN has moved to allay concerns over the matter, saying that it has investigated the issue with its clients and does not now expect any impact on its plans to launch sports betting. It did not, continuing with the state constitution prohibiting sports betting.

"New Jersey has led the way on sports betting and we will now capitalize on our decisive Supreme Court victory by putting in place a vibrant sports gaming industry", Senate President Steve Sweeney said in a statement.

The company plans to use the proceeds to strengthen its software engineering resources in order to better serve existing customers in the country.

"I'm excited to get started with football season", he said. Following the official ruling of SCOTUS, every state now has the chance to make a decision whether to legalize sports betting across its gambling facilities or to retain its current position.

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While some top lawmakers said they expected Monmouth Park, a racetrack near the Jersey shore in Oceanport, to begin taking bets Friday, others said they expected Murphy to consider the bill during the weekend before acting. "During the Super Bowl or the NACC Tournament, in Las Vegas you can't get a hotel room and Atlantic City is a ghost town".

NJ casinos, such as Borgata in Atlantic City, appear prepared to follow soon thereafter. "The bill allows for the creation of non-transparent betting markets that deny sports leagues critical tools to monitor betting activity and conduct integrity investigations". That law - PASPA - was struck down, allowing states to legalize sports gambling, if they choose to do so. He previously voiced support for sports betting before the details of an actual bill were written.

But the change allows him to offer bets on other sports except for basketball. The 1.25 percent add-on fee for tracks would be split among the host community and the county in which the track operates.

One state lawmaker notes that language that would have prohibited a casino or track from taking sports bets before the bill is signed was stripped from the bill before it was approved. Internet betting would begin 30 days after the rest of the law takes effect.

Texas billionaire Tilman Fertitta owns the Golden Nugget and the NBA's Houston Rockets.

The commission's letter was sent to Dennis Drazin, Monmouth Park's operator, and the general managers of Freehold Raceway and New Meadowlands Racetrack in East Rutherford.

The bills moved out of committee in both chambers on Monday.

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