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September 2, 2014

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Proponents bet on legalization of sports wagering in New Jersey

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Christopher DeVargas

A view of the Caesars Palace sports book, March 13, 2012.

Despite a federal ban on sports betting, stakeholders expect Monmouth Park to host legalized sports betting by the start of the NFL season.

Their optimism is due to the progress of a state bill, S2250/A3476, which passed the Senate in a 38-1 vote on June 26 after clearing the Assembly in a 63-2 vote.

The legislation would repeal the state ban now in place and authorizes sports betting at casinos and racetracks.

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