ibusinesslines.com August 17, 2018

New Jersey warns against premature sports bets

11 June 2018, 11:42 | Charlene Valdez

Monmouth Park’s William Hill Sports Book | Equi

Monmouth Park’s William Hill Sports Book | Equi

New Jersey is poised to be the third state to offer single-game wagers and futures betting in the USA, joining the Nevada sports betting and DE sports betting industries. Borgata and MGM officials would not comment on the sports betting legislation as it affects the company's basketball team.

In the state's fiscally stressed gambling hub Atlantic City, William Hill also plans to operate a 7,500-square-foot, $6 million sports betting area at the twice-bankrupt former Revel Casino Hotel, which is now called the Ocean Resort Casino and is set to open later in June.

"We are delighted to be up-and-running as the first - and now only - provider with a market ready solution for our partners in the new regulatory environment".

As it has been revealed, however, competitive video gaming and eSports would not be considered part of the legalized sports betting field.

State Senate President Stephen Sweeney originally included language in the bill that would keep casinos and tracks from accepting bets until Murphy signed the measure into law, putting a regulatory structure in place. Bettors will have to be at least 21, and no wagers will be allowed on collegiate events taking place in New Jersey, or on teams from colleges based in the state, no matter where the competitions are held.

Lawmakers rejected the integrity fee payments.

That means betting will technically be allowed to begin as soon as the state Legislautre passes the bill, which would determine how how the Garden State regulates and taxes sports betting online and in person at casinos and tracks. The track has loudly wanted to begin taking bets Friday.

NY might not be too far behind New Jersey, Overmyer reported.

Dennis A. Drazin, the operator of Monmouth Park Racetrack, is eager to get his license so he can start taking bets on Friday for the next game in the N.B.A. finals and the first game of the Yankees-Mets Subway Series. "Additionally, the bill does not require casinos or the regulator to notify sports leagues of potential match fixing or other improper conduct". That would let the Golden Nugget back in the game. That casino is owned by Texas billionaire Tilman Fertitta, who also owns the NBA's Houston Rockets. The expansion will allow for players to wager on football, professional baseball, basketball, hockey and other sports.

New Jersey's proposed sports betting law is heading down to the wire.

Gov. John Carney had the honor of placing the first bet, wagering $10 on the Philadelphia Phillies to beat the Chicago Cubs on Tuesday night.

But that could change by the end of the day on Friday, depending on whether casinos and racetracks are willing to move on their own and ignore the state's Democratic governor, who has given no indication of when he might act on the bill.

The bill would allow Atlantic City casinos and racetracks, including Monmouth, the Meadowlands and Freehold Raceway, to offer sports betting.

The premier trade show for the casino industry this year will include several sessions focused on sports betting after the U.S. Supreme Court struck down a federal ban dealing with the activity.

Now, any state is free to adopt laws legalizing it.

Other News

Trending Now

The Awesome Adventures Of Captain Spirit Arrives June 26, 2018
Captain Spirit is being developed by Dontnod Entertainment, and its art direction is directly reminiscent of Life is odd . You will most likely see and discover new content on subsequent playthroughs which you might have previously missed.

Toronto stocks trade higher, loonie moves lower after Trump trade tirade
Trump also reportedly didn't put on his headphones for translation when French President Emmanuel Macron spoke during the session. Trump said that he withdrew the US from the G-7's joint statement because of that slight.

Kylie Jenner Deletes All Pictures Of Stormi Webster From Instagram
Fair enough, but any eagle-eyed fans will also notice that Ky went back and got rid of all photos featuring Stormi's adorbs face. Following her response, Kylie removed every photo that shows Stormi's face, leaving only those that merely show her presence.

Burgers!? Twitter has a big beef over IHOb's concept change
It doesn't seem like any of the restaurant chain's original items will be changed or replaced as a result of the new burgers. Among the burgers now available are Big Brunch, Cowboy BBQ, Mushroom Swiss, Jalapeno Kick and Mega Monster.

Liverpool confirm Can departure
Capped once by England in a friendly global , he spent the end of last season on loan to Championship side Bolton Wanderers. Liverpool have today announced their retained list following the 2017/18 season which sees Emre Can leaving Anfield .

How many more French Open titles will 'superhuman' Nadal win?
The first set had taken 57 minutes, in stiflingly humid conditions, but there was to be no let-up for the underdog in the second. And he increased the tempo further, consigning Thiem to defeat in his first major final when the Austrian sent a return long.

Grandmother caught transporting children in dog kennels
The children told authorities that Cheeks claimed there wasn't enough room for them to sit safely in a seat. According to Local Memphis , Nikita Blake, another of Cheeks' neighbours, added: "It's very sad".