New Jersey has officially legalised sports betting, after the state’s eight year drive for federal gambling approval was ratified by the Supreme Court in May of this year.
Governor Philip D Murphy signed the ruling into law on 10 June, with the new legislation taking effect from 14 June for land-based venues, and 14 July for online operators.
“Today, we’re finally making the dream of legalised sports betting a reality for New Jersey,” said Murphy.
“It means that our casinos in Atlantic City and our racetracks throughout our state can attract new business and new fans, boosting their own long-term financial prospects.”
The New Jersey Racing Commission is set to convene on 13 June in order to process license applications and begin the approval process for the state’s race tracks.
The state’s Division of Gaming Enforcement will perform the same function for New Jersey’s casinos, with the Borgata Hotel Casino and Spa in Atlantic City expected to be the first recipient of an operational licence.
“We are moving ahead with all possible speed to begin accepting legal sports bets as soon as required regulatory approvals are in place,” said a statement from Borgata owners MGM Resorts International.
Atlantic City’s six other casinos have also begun the process of creating specific sports betting areas and establishing sportsbook partnerships after the 7 June approval by New Jersey’s legislature was wholly endorsed by the state governor this week.
“This is the right move for New Jersey,” added Murphy. “It will strengthen our economy.”