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The move follows last month’s decision from the United States Supreme Court that invalidated the previous Professional and Amateur Sports Protection Act (PASPA) federal sportsbetting prohibition with 60-year-old Murphy stating that it will allow casinos and racetracks in New Jersey to boost ‘their own long-term financial prospects’ by attracting ‘new business and new fans.25% levy is to be earmarked for use by host municipalities and counties or the Meet AC marketing campaign. The legislation signed into law by Murphy is to moreover permit properties to offer online sports wagering including via mobile some 30 days after they commence their more traditional service with all of these remote operations subsequently taxed at 13%....
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