Symbolic New Jersey Sports Betting Bill Advances

The New Jersey Assembly last week approved a bill to hold a referendum on introducing sports betting in the state’s casinos, but federal legislation means the best the state can hope for is an unlikely change of approach on sports gambling under the next US President.Early figures suggest that visitors to Nevada’s 174 sports books wagered around US$92m on the outcome of last weekend’s Superbowl, won in dramatic fashion by the New York Giants.

Nevada is currently the only US state with a legal, regulated sports betting market but the impressive revenue from Superbowl Sunday will not have gone unnoticed in New Jersey, home to the Giants’ Meadowlands stadium, where politicians are seeking to introduce sports betting in Atlantic City’s casinos.

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