11th June saw Governor Phil Murphy sign bill A4111 into legislation for the legalization of New Jersey sports betting. The ruling by the US Supreme court in May ended years of legal wrangling and petitioning.
Monmouth Park was the first to open in-person betting just three days later, and within 30 days online and mobile sports betting becomes a legal reality for New Jersey gamers.
So, which sports are we looking at?
All professional sports are permitted under the regulations, as are college games provided that they neither involve NJ teams or locations. High school games, e-sports, and competitive video games, are however disallowed for betting.
In terms of disallowed participation – players, refs, coaches, sports owners and parties with vested interests are not permitted to bet on their own teams.
The thorny and emotive matter of integrity fees demanded by the sports leagues was also finally put to bed, netting the leagues a big fat zero under NJ legislation! Meanwhile, the state is looking to make a handsome profit from NJ sports betting, and is broken down as follows:
- 0.25% handling tax on all bets
- 8.5% on land-based bets
- 13% on electronic betting
The New Jersey Racing Commission still needs to get its own regulations in order, and will, therefore, operate under temporary regulations at first; with the NJ Division of Gaming Enforcement having 270 days in which to issue any emergency regulations it finds necessary.
New Jersey became the third state nationwide to permit single-game sports betting. The first, of course, was Nevada which enjoyed a 70-year monopoly, and then Delaware being the first state to go live following the repeal of the PASPA legislation.
New York is fighting the clock to get their legislation done in time for the end of the session this month; but even if this doesn’t happen, they may well permit the opening of bets under existing laws.
Connecticut, Rhode Island, Mississippi, Pennsylvania and West Virginia are also working hard to make the list of first states with legal sports betting privileges. Who will be next up?
New Jersey was undeniably disappointed not to have made it first into the market after having fought so valiantly for the repeal of the PASPA, but coming in second, given how much preparation they still needed to do, remains an excellent show of commitment to the people of New Jersey.