New Jersey state committee signs off on sports betting
The New Jersey State Senate Committee on Government, Wagering, Tourism, and Historic Preservation passed a bill on Monday that would legalize sports betting in the state, according to a report by Poker News Daily.
The measure was easily approved behind a 4-0 vote margin and could produce an intrastate internet gambling avenue in the future.
“Legalized sports betting would raise $100 million in new state revenues and generate $500 million for the casinos and racetracks,” said New Jersey Senate Democrat Raymond Lesniak.
Lesniak’s bill will still require a constitutional amendment in New Jersey, much like the one bequeathed to the state of Delaware. If everything goes according to plan, the sports betting proposal could be put to a public vote in November.
Still to be determined is where bets would be taken and if horse racing would be included under the umbrella. Another obstacle facing the measure is the Professional and Amateur Sports Protection Act (PASPA), which does not allow gambling on NCAA games.