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According to a report from The Record newspaper, the legislation was introduced by Ronald Dancer, a Republican member of the New Jersey General Assembly, after last month saw the United States Supreme Court invalidate the previous Professional and Amateur Sports Protection Act (PASPA) federal prohibition.The newspaper detailed that the legislation would also require land-based sportsbetting operators to hand over 8.5% of their proceeds to the state while an additional 1....
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“I’m ready to go but I still want to get the Governor’s okay [as] he’s the head guy in this state,” Dennis Drazin, Chief Executive Officer for Monmouth Park Racetrack operator Darby Development, reportedly told The Record.The newspaper reported that the legislation is now awaiting the signature of Democratic Governor, Phil Murphy, and would permit sports aficionados over the age of 21 to place wagers at any of the state’s racetracks and casinos including the Monmouth Park Racetrack, which is eager to begin offering the new service as soon as possible.5% of their proceeds to the state while an additional 1....
