It all begins when Gov. Phil Murphy places the first bet at Monmouth Park. The Borgata will start accepting bets after that.

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Ready, set, bet!

After years of legal battles that cost millions in taxpayer dollars, a landmark U.S. Supreme Court ruling, and a bit of legislative jockeying, legal sports betting will finally become a reality in New Jersey on Thursday morning.

At 10:30 a.m., Monmouth Park racetrack in Oceanport is scheduled to be the first place in New Jersey history to accept legal wagers on sports games.

It all starts when Gov. Phil Murphy places the first bet there. Other dignitaries — including former state Sen. Raymond Lesniak, the retired lawmaker who spent years leading the state’s charge for sports betting — are also expected to be at the track.

“I’m thrilled to be doing it,” Murphy told sports-talk radio host Mike Francesa on Tuesday during an interview on WFAN. “It’s been a long time coming. Many, many years.”

All you need to know about sports betting in N.J.

Then, at 11 a.m., the Borgata is slated to be the first Atlantic City casino to open a sports betting parlor.

New Jersey will be the second state to enact full-scale sports betting since the U.S. Supreme Court sided with the Garden State last month in its nearly decade-long push to legalize it. Delaware beat the state by about a week.

New Jersey’s law will allow people 21 and over to place bets on professional and college sports games, both online and in person at the state’s casinos and tracks.

But online betting won’t be available for the first 30 days.

Americans already spend billions of dollars placing sports bets through illegal bookies each year.

New Jersey, however, spent seven years and $9 million — mostly during the administration of then-Gov. Chris Christie — on a court battle to legalize the practice. The goal was to boost the state’s struggling casino and horse-racing industries, as well as provide the state with new tax revenue.

The state’s opponents were the nation’s top pro and college sports teams, who said such betting would hurt the integrity of their sports and violate a 1992 federal ban on such wagering.

The Supreme Court, however, ruled the ban was unconstitutional, opening the door for states across the U.S. to begin accepting bets. Until then, only …read more

Source:: New Jersey Real-Time News

      

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The big day is here! Sports betting finally to begin in N.J.

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