New Jersey Governor Phil Murphy signed Monday a statement that authorizes the provision of sports betting services by local casinos and racetracks. The country ’s leading official put his signature on the legislative part four times after the Legislature voted it via overwhelmingly.
New Jersey residents will consequently be able to start placing bets on different sports from Thursday, according to reports in local media.
Monmouth Park Racetrack at Oceanport will welcome the Governor Thursday morning to observe the launching of its sports betting facility. It was also declared that Gov. Murphy is going to be the first man to place a legal bet within the state’s borders since the legalization of this action.
New Jersey was really the state to bring the sport betting legalization matter before the US Supreme Court. The state ’s highest ranking court declared last year that it would take on the situation and ruled to annul a longstanding federal ban online sports betting at mid-May.
New Jersey has become the second state to legalize sports betting since the Supreme Court’s conclusion, with Delaware being the first one. The latter state launched full-scale betting services at its gaming properties last week, after conducting restricted betting operations for ages.
Sports Betting amid Casino Expansion
The legalization of sport betting came as another significant development amid what has turned to be a particularly eventful year for New Jersey’s gaming sector. Atlantic City’s casino sector seems to have taken a route toward restoration after losing its footing after the opening of casinos in neighboring countries and the great recession and its aftermath, which resulted in the closing of five gambling possessions in the interval between 2014 and 2016.
Each one the city’s seven casinos also have stated that they would be moving quickly towards launching sports betting services, both in physical sports publications and online. While sports publications can open on town ’s legendary Boardwalk any day now, say residents will need to wait around for about a month before being able to place a bet .
Atlantic City is also gearing up for the opening of 2 new casinos — the remodeled former Trump Taj Mahal, which will now operate as Hard Rock Hotel & Casino Atlantic City, along with the remodeled former Revel, now rebranded as Ocean Resort Casino. Both properties will hold their grand opening ceremonies on June 28.
While It’s still unknown if Hard Rock will venture to sports betting and if it does, to what extent it will be able to conduct the action, bearing in mind its own stadium naming contract with the Miami Dolphins, Ocean Resort Casino has made the necessary preparations to
Be able to feature sports gambling the moment it opens doors at the end of this month.
The casino resort has partnered British bookmaker William Hill to collectively operate what is a 7,500-square-foot sports book at the hotel ’s gambling floor.
The legalization of sports betting in New Jersey has been touted by lawmakers as a positive step and has been hoped to give a much-needed earnings boost to the state’s racetracks, to further help Atlantic City and its own casino sector reinvent and stabilize itself, and to create new jobs and tax revenue sources for the state’s coffers.
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