09-05-2018, 02:51 AM
New Jersey’s casinos and racetracks are waiting for the starter’s gun to begin offering sports betting now that the state Legislature has approved a bill to legalize it.
All eyes were on Gov. Phil Murphy on Thursday Mitch Unrein Jersey , immediately after the state Assembly and Senate unanimously passed a bill to allow sports betting three weeks after winning a U.S. Supreme Court case that cleared the way for them and all other states to do so.
Casinos and racetracks itched to begin taking bets on baseball, basketball, soccer and other sports. But the Democratic governor would not signal whether he would sign the bill – or even when he might decide.
”He said he wants to act quickly, but the legislation will be subject to the same thorough review that all legislation sent to him for signature is subject to,” said his spokesman, Dan Bryan.
While some top lawmakers said they expected Monmouth Park, a racetrack near the Jersey shore in Oceanport, to begin taking bets Friday, others said they expected Murphy to consider the bill during the weekend before acting.
Adding to the confusion was an action the legislators took before approving the bill: They stripped out a provision that would have prohibited any casino or track from beginning to offer sports betting before the bill was signed. Republican state Sen. Declan O’Scanlan said that technically enabled Monmouth to begin taking sports bets right away.
John Heims, a spokesman for the track, said it would not take any sports bets Thursday night Darius Leonard Jersey , adding it ”should know soon when we are starting.” Other first-day movers would likely include Atlantic City’s Borgata casino.
Three weeks ago, New Jersey prevailed in a Supreme Court case that struck down a federal law limiting sports betting to just four states. Now, any state is free to adopt laws legalizing it, and analysts expect most to do so. A report this week by Eilers & Krejcik Gaming predicted that only six states will not have approved sports betting by 2023.
Former state Sen. Raymond Lesniak, who led the fight for sports betting for eight years, predicted it will help turn around Atlantic City, where casino gambling had been in decline. The state’s casinos and racetracks would be able to offer sports betting once the governor signs the bill.
”Today is the day that New Jersey gets the same benefits that Las Vegas does,” he said. ”During the Super Bowl or the NACC Tournament, in Las Vegas you can’t get a hotel room and Atlantic City is a ghost town. This will change that.”
Three of the professional sports leagues were not happy over the lack of ”integrity fee” payments they say would help them police betting patterns and called for better information sharing. In a joint statement, Major League Baseball, the NBA and the PGA Golf Tournament called on Murphy to ”fix” the bill before acting on it.
”The legislation does not include basic protections to mitigate risks to the integrity of sports and to ensure fairness for New Jersey consumers Rigoberto Sanchez Jersey ,” they said. ”The bill allows for the creation of non-transparent betting markets that deny sports leagues critical tools to monitor betting activity and conduct integrity investigations. Additionally, the bill does not require casinos or the regulator to notify sports leagues of potential match fixing or other improper conduct.”
The bill would allow Atlantic City casinos and racetracks, including Monmouth, the Meadowlands and Freehold Raceway, to offer sports betting. A provision also would allow it at the former Atlantic City Race Course if that facility were to reopen.
The bill sets the tax rate for casinos at 8.5 percent, with an additional 1.25 percent payment to help market Atlantic City. The 1.25 percent add-on fee for tracks would be split among the host community and the county in which the track operates. Internet bets would be taxed at 13 percent.
Internet betting would begin 30 days after the rest of the law takes effect.
The bill also clears away obstacles for any of Atlantic City’s casinos to offer sports betting, adding clauses to allow the Borgata, Caesars, Harrah’s, Bally’s and the Golden Nugget to offer sports bets despite ownership or partial ownership of professional sports teams.
A last-minute change allowed the Golden Nugget to take sports bets, despite the fact that its owner DaeSean Hamilton Jersey , Texas Billionaire Tilman Fertitta, also owns the NBA’s Houston Rockets. The bill previously shut the Golden Nugget out of sports betting, but a change allowed it to offer bets on sports other than basketball.
Fertitta thanked New Jersey for making the change and said he eventually hopes to convince state regulators to let the Golden Nugget take bets on basketball teams other than the Rockets, as Nevada regulators allow.
—
Follow Wayne Parry at The Meadowlands Racetrack in New Jersey took in nearly $3.5 million in sports bets during its first nine days of accepting such bets.
And most of that came from two weekends that sandwiched a dead period for major professional sports caused by baseball’s All-Star break, when there was little to bet on, with basketball and soccer World Cup over, and football and hockey months away from beginning their seasons.
Meadowlands operator Jeff Gural told The Associated Press it accepted just under $3.5 million worth of sports bets since it began taking them on July 14.
”We did OK,” Gural said Monday. ”Our goal the first weekend was to exceed $1million which we did. The next four days were quiet with nothing to bet on due to the All-Star break.”
This past Saturday, with baseball having resumed, the track took in over $650,000 Howard Wilson Jersey, and additional bets on baseball and other sports came in on Sunday.
Gural said he is pleased with the track’s initial performance ”despite the fact that we are not at full strength and only have 10 live tellers windows open.”
The FanDuel Sportsbook at the Meadowlands will be expanded. It is located in East Rutherford, in the same sports complex six miles from New York City where the NFL’s New York Giants and Jets play.
So far, two tracks, the Meadowlands and Monmouth Park, and two Atlantic City casinos, the Borgata and Ocean Resort, offer sports betting in New Jersey. But many others have applied for permission to begin offering sports betting, in person and online, before the start of the NFL season in September.
Monmouth and the casinos reaped $16.4 million in the first two weeks of June.
New Jersey won a U.S. Supreme Court case on May 14 clearing the way for all 50 states to offer legal sports betting should they so desire. It began offering sports betting on June 14.
The latest statistics on how much the casinos and tracks took in from sports betting will be released by the state Division of Gaming Enforcement on Aug. 14.
—
Follow Wayne Parry at Josh Okogie Jersey
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All eyes were on Gov. Phil Murphy on Thursday Mitch Unrein Jersey , immediately after the state Assembly and Senate unanimously passed a bill to allow sports betting three weeks after winning a U.S. Supreme Court case that cleared the way for them and all other states to do so.
Casinos and racetracks itched to begin taking bets on baseball, basketball, soccer and other sports. But the Democratic governor would not signal whether he would sign the bill – or even when he might decide.
”He said he wants to act quickly, but the legislation will be subject to the same thorough review that all legislation sent to him for signature is subject to,” said his spokesman, Dan Bryan.
While some top lawmakers said they expected Monmouth Park, a racetrack near the Jersey shore in Oceanport, to begin taking bets Friday, others said they expected Murphy to consider the bill during the weekend before acting.
Adding to the confusion was an action the legislators took before approving the bill: They stripped out a provision that would have prohibited any casino or track from beginning to offer sports betting before the bill was signed. Republican state Sen. Declan O’Scanlan said that technically enabled Monmouth to begin taking sports bets right away.
John Heims, a spokesman for the track, said it would not take any sports bets Thursday night Darius Leonard Jersey , adding it ”should know soon when we are starting.” Other first-day movers would likely include Atlantic City’s Borgata casino.
Three weeks ago, New Jersey prevailed in a Supreme Court case that struck down a federal law limiting sports betting to just four states. Now, any state is free to adopt laws legalizing it, and analysts expect most to do so. A report this week by Eilers & Krejcik Gaming predicted that only six states will not have approved sports betting by 2023.
Former state Sen. Raymond Lesniak, who led the fight for sports betting for eight years, predicted it will help turn around Atlantic City, where casino gambling had been in decline. The state’s casinos and racetracks would be able to offer sports betting once the governor signs the bill.
”Today is the day that New Jersey gets the same benefits that Las Vegas does,” he said. ”During the Super Bowl or the NACC Tournament, in Las Vegas you can’t get a hotel room and Atlantic City is a ghost town. This will change that.”
Three of the professional sports leagues were not happy over the lack of ”integrity fee” payments they say would help them police betting patterns and called for better information sharing. In a joint statement, Major League Baseball, the NBA and the PGA Golf Tournament called on Murphy to ”fix” the bill before acting on it.
”The legislation does not include basic protections to mitigate risks to the integrity of sports and to ensure fairness for New Jersey consumers Rigoberto Sanchez Jersey ,” they said. ”The bill allows for the creation of non-transparent betting markets that deny sports leagues critical tools to monitor betting activity and conduct integrity investigations. Additionally, the bill does not require casinos or the regulator to notify sports leagues of potential match fixing or other improper conduct.”
The bill would allow Atlantic City casinos and racetracks, including Monmouth, the Meadowlands and Freehold Raceway, to offer sports betting. A provision also would allow it at the former Atlantic City Race Course if that facility were to reopen.
The bill sets the tax rate for casinos at 8.5 percent, with an additional 1.25 percent payment to help market Atlantic City. The 1.25 percent add-on fee for tracks would be split among the host community and the county in which the track operates. Internet bets would be taxed at 13 percent.
Internet betting would begin 30 days after the rest of the law takes effect.
The bill also clears away obstacles for any of Atlantic City’s casinos to offer sports betting, adding clauses to allow the Borgata, Caesars, Harrah’s, Bally’s and the Golden Nugget to offer sports bets despite ownership or partial ownership of professional sports teams.
A last-minute change allowed the Golden Nugget to take sports bets, despite the fact that its owner DaeSean Hamilton Jersey , Texas Billionaire Tilman Fertitta, also owns the NBA’s Houston Rockets. The bill previously shut the Golden Nugget out of sports betting, but a change allowed it to offer bets on sports other than basketball.
Fertitta thanked New Jersey for making the change and said he eventually hopes to convince state regulators to let the Golden Nugget take bets on basketball teams other than the Rockets, as Nevada regulators allow.
—
Follow Wayne Parry at The Meadowlands Racetrack in New Jersey took in nearly $3.5 million in sports bets during its first nine days of accepting such bets.
And most of that came from two weekends that sandwiched a dead period for major professional sports caused by baseball’s All-Star break, when there was little to bet on, with basketball and soccer World Cup over, and football and hockey months away from beginning their seasons.
Meadowlands operator Jeff Gural told The Associated Press it accepted just under $3.5 million worth of sports bets since it began taking them on July 14.
”We did OK,” Gural said Monday. ”Our goal the first weekend was to exceed $1million which we did. The next four days were quiet with nothing to bet on due to the All-Star break.”
This past Saturday, with baseball having resumed, the track took in over $650,000 Howard Wilson Jersey, and additional bets on baseball and other sports came in on Sunday.
Gural said he is pleased with the track’s initial performance ”despite the fact that we are not at full strength and only have 10 live tellers windows open.”
The FanDuel Sportsbook at the Meadowlands will be expanded. It is located in East Rutherford, in the same sports complex six miles from New York City where the NFL’s New York Giants and Jets play.
So far, two tracks, the Meadowlands and Monmouth Park, and two Atlantic City casinos, the Borgata and Ocean Resort, offer sports betting in New Jersey. But many others have applied for permission to begin offering sports betting, in person and online, before the start of the NFL season in September.
Monmouth and the casinos reaped $16.4 million in the first two weeks of June.
New Jersey won a U.S. Supreme Court case on May 14 clearing the way for all 50 states to offer legal sports betting should they so desire. It began offering sports betting on June 14.
The latest statistics on how much the casinos and tracks took in from sports betting will be released by the state Division of Gaming Enforcement on Aug. 14.
—
Follow Wayne Parry at Josh Okogie Jersey
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