In a story that we published back in September about Governor Christie’s push for sports betting (story here) it looks like NJ will be a haven for gamblers. Often regulated to Las Vegas, sports betting has been prohibited in New Jersey as well as Pennsylvania.
However with closure of four casinos in recent months, New Jersey is doing everything in its power to generate revenue. The latest push to legalize sports betting just cleared a major hurdle as the NJ Senate has passed a measure that could clear the way for sports betting. However, Dem. State Sen. Raymond Lesniak, of Union County, has authored the bill that partially repeals prohibition of sports betting.
Although NJ Governor Chris Christie has been at odds with pro sports teams as well as the NCAA, the state is moving forward as the Assembly is expected to vote Thursday on the issue. If all goes to plan New Jersey hopes that this latest measure will help revitalize Atlantic City and its ailing casino industry. Having already felt the affects of Pennsylvania’s budding gambling industry, Atlantic City and New Jersey as a whole is scrambling to ensure that the other eight casinos do not fail.
We will keep you updated as this story progresses.