Phil Murphy signs bill to legalize sports betting in New Jersey

In this Monday, May 14, 2018, file photo, men watch a horse race on a series of screens at Monmouth Park Racecourse in Oceanport, New Jersey as the U.S. Supreme Court paves the way for states to legalize sports betting. So the race began to see who will judge the multi-billion dollar business expected to come out of the decision.

New Jersey becomes the second state after Delaware to legalize sports betting since last month’s landmark U.S. Supreme Court ruling, uplifting the track’s fortunes and boosting Atlantic City’s appeal as a destination Opened up a new market for state-licensed gambling that is expected to .

After weathering days of criticism for not taking immediate action, Gov. Phil Murphy announced Monday afternoon that he had signed the bill into law. But while the bill will go into effect soon, Murphy’s office said no bets will be allowed until Wednesday, when the New Jersey Horse Racing Commission holds a meeting to review regulations related to the establishment of sports betting at New Jersey racetracks. said.

After the Commission has adopted the rules, Murphy can approve the decision and licensed racetracks can apply for temporary waivers to place bets. Dennis Drazin, chief executive of Monmouth Park, said Murphy plans to make the state’s first bet on Thursday morning.

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