While waiting on the Supreme Court decision, New Jersey proactively prepared for a ruling by scheduling discussions of a regulatory bill. And a new bill cropped up in the NJ Senate on Monday.
NJ sports betting bill in the spotlight
Six members of the state’s Assembly co-sponsored a bill (A3911) introduced May 7 to authorize wagering on certain sporting events at casinos and racetracks. It includes many new provisions and alters existing legislation.
The bill has been assigned to the Assembly’s Tourism, Gaming, and the Arts Committee, chaired by Ralph R. Caputo (D-Essex), one of the bill’s sponsors. First, the legislation will be reviewed by the body’s majority leadership. Considering all main bill sponsors are Democrats and members of the majority party, it will likely be recommended to the committee.
Once Caputo’s committee receives the bill, they’ll schedule it for discussion. The first available date looks to be Thursday, June 7.
Questions still to answer
It remains unclear what effect this could have on offerings at the state’s new sportsbooks. The NJ sports betting legislation could allow betting as soon as June, although Monmouth Park has said it hopes to be up and running by Memorial Day.
On the Senate side, Senate Majority Leader Stephen Sweeney, who represents the same South Jersey district as A3911 co-sponsor John Burzichelli, has introduced his own legislation on the topic.
1/ Just sitting down to review NJ Senate President Sweeney's draft #sportsbetting legislation. One key change (rel. to A3911): Casinos and tracks now appear to get equal tax treatment. Both would pay 9.25% GGR on land-based sports betting, and 17.5% GGR on online wagering.
— Chris Krafcik (@CKrafcik) May 14, 2018
With the Supreme Court decision and now talk of Congress considering legislation to replace PASPA, the New Jersey Legislature may try to expedite the bills and have it passed before its summer recess begins in July. Sources tell PlayNJ that the Assembly bill might bypass the appropriations committee, which is part of normal procedure.
What the sports betting regulations include
The NJ sports betting bill as introduced bars wagering on any college and high school teams based in New Jersey and single-game events in the state. However, it doesn’t block action on interstate tournament games played in New Jersey, such as the NCAA basketball tournament.
The new legislation also has a provision to allow the sites of former race tracks to host sportsbooks.
That opens the door to establish ones in places such as Cherry Hill’s Garden State Pavilions, a large shopping plaza built on the former Garden State racetrack. Such an establishment could be very active with its proximity to Philadelphia.