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New Jersey to legalize sports betting to regulate activity at casinos

Governor Phil Murphy on Monday signed a bill to legalize sports betting, opening the door for the state to regulate and tax the activity.


Reuters Last Updated at 12 Jun 2018, 00:06 IST United States
New Jersey to legalize sports betting to regulate activity at casinos
  • Our casinos in Atlantic City and our racetracks throughout our state can attract new business and new fans, says Governor. (Image Credit: Flickr)

New Jersey Governor Phil Murphy on Monday signed a bill to legalize sports betting, opening the door for the state to regulate and tax the activity at casinos and racetracks.

"Our casinos in Atlantic City and our racetracks throughout our state can attract new business and new fans, boosting their own long-term financial prospects," Murphy said in a statement. "This is the right move for New Jersey and it will strengthen our economy."

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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