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com reported that the legislation signed by Murphy forbids sportsbetting on high school contests or on any collegiate event taking place in New Jersey or involving one the state’s teams with all operations overseen by the New Jersey Division of Gaming Enforcement.25% levy is to be earmarked for use by host municipalities and counties or the Meet AC marketing campaign.5% of their proceeds to the state while an additional 1....
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The Record newspaper earlier reported that all land-based sportsbetting venues in New Jersey will be required to hand over 8.com, the Democrat’s signature means that venues including the Monmouth Park Racetrack and the seven casinos i21 dukes no deposit kgcon Atlantic City will be able to start accepting sportsbetting wagers from Thursday morning pending final approval of their licenses by the New Jersey Racing Commission.The move follows last month’s decision from the United States Supreme Court that invalidated the previous Professional and Amateur Sports Protection Act (PASPA) federal sportsbetting prohibition with 60-year-old Murphy stating that it will allow casinos and racetracks in New Jersey to boost ‘their own long-term financial prospects’ by attracting ‘new business and new fans....
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