NJ introduced sports betting law

new jersey

If it gets approved, the measurement would come into effect after January 2017.

After five years of discussions, New Jersey seeks the final closure of sports betting services status.

US.- New Jersey Assembly will define the sports betting legalisation in the following months. Legislators of the State introduced recently a new sports betting bill in the gaming organisation to remove and repeal “all prohibitions, permits, licenses and authorisations concerning wagers on professional, collegiate, or amateur sport contests or athletic events,” according to ESPN press.

“This is not a final bill. It’s a discussion piece at this point, but we’re trying to figure out how we can get this done. And it’s not going to be easy,” commented Assemblymen Ralph Caputo, who sponsored the Bill 4303 among with State’s Assemblymen Jim Burzichelli. The sports betting bill would finally regulate the sector and boost the online gambling revenues of New Jersey, which are marking a positive increment during the last few months.

New Jersey has tried legislating sports betting industry since 2011, when residents approved the referendum to legalise the sector. However, an immediate legal battle began as the NCAA, NFL, NBA, NHL and Major League Baseball presented their opposition to the Justice system. As the case is still open, the State seeks an alternative to activate the legalisation.

Sports betting regulation will be also debated at national level, as this year New Jersey Rep. Frank Pallone has introduced a federal online gambling law to regulate the entire US market. The American Gaming Association made public its plans to lobby for the complete legalisation by th Congressional committee.