New Jersey’s legislature [offical website] approved a bill to legalize sports gambling on Thursday, approximately three weeks after the Supreme Court ruled [opinion, PDF] in favor of the state [JURIST report] to allow the practice.
Assembly Bill 1441 passed first, then identical Senate Bill 2602 [text, PDF] was passed.
According to the bill, casinos with horse racing and sports betting will be taxed at 8.5 percent for horse racing, subject to a 1.25 percent increase on revenue received if there are both types of betting. Internet-based sports betting will be taxed at 13 percent.
The bill bans casinos and their executives who own professional sports teams from offering sports betting, but according to the Washington Post [report], this is mostly theoretical, because a number of duel owners will be exempt.
Now, the bill waits for a signature from Governor Philip Murphy [official website]. The governor has not said publicly if he would sign the bill into law.
The passage marks the end of a six-year legal battle of New Jersey fighting for sports betting starting in 2012 with a complaint from national sports teams [JURIST report]. In a JURIST column last year, Drake University Law Professor Keith Miller explained the journey sports betting [JURIST op-ed] took to get to the Supreme Court. On Friday, Professor Glenn Smith of the California Western School of Law discussed [JURIST op-ed] three reasons why the Supreme Court ruling on sports-betting is noteworthy.