New Jersey forced to slow down a few minutes on sports betting

New Jersey forced to slow down a few minutes on sports betting

May 16, 2018 11:16 AM
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When the Supreme Court decision broke on Monday morning, New Jersey rejoiced. After a lengthy, costly legal and legislative battle for nearly a decade, finally a court — the highest court in the land — agreed that the 1992 federal law banning full-fledged sports wagering outside Nevada was unconstitutional.

But the first legal New Jersey sports wager will have to wait a little bit longer than expected.

“We just got the decision,” Senate President Stephen Sweeney, D-Gloucester, told NJ.com on Wednesday. “We’re moving quickly with legislation. I’m hopeful we should be ready by early June. Everyone should respect the legislative process rather than jumping out.”

Monmouth Park, whose sports betting operations and infrastructure will be managed by U.K.-headquartered bookmaker William Hill, which manages dozens of books in Nevada, was set to take the first wager by the end of the month.

“When they told me the [Memorial Day] I was a little concerned because it’s a Monday, and I would like to try to do it before the weekend,’’ said Dennis Drazin, the CEO of Darby Development LLC, which operates Monmouth Park. “But with all the logistics, getting everyone trained, that is the date we are targeting now.”

Check out sportshandle.com for the full article.