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The New Jersey legislature today overwhelmingly voted to approve the state's sports betting bill. The vote was 55 to 17 in the State Assembly; 36 to 3 in the State Senate.
Designated as S-490, the New Jersey gambling bill sponsored by State Senator Raymond Lesniak (D-Union) was expected to pass ahead of today’s vote, so the news was not entirely a surprise.
The measure will then become law next month unless Governor Chris Christie vetoes it. Christie has not supported an effort to legalize Internet gambling in the state, but cites “lack of prioritization” as the reason.
An Internet gambling industry in the state could potentially take in from $250 to $250 million within 5 years and create hundreds of new jobs, experts believe.
- Chris Costigan, Gambling911.com Publisher
