November 8 is a big day for New Jersey as the sports betting referendum is to be held on this date and both Republican and Democratic lawmakers are eagerly waiting this day. Both the parties are preparing hard to change the federal Professional Amateur Sports Protection Act which prohibits sports betting all over the United States, excluding a few states. If all goes well on November 8, regulated sports betting will be permitted in the state of New Jersey once appropriate laws are formed. The bill will be signed in as a law by the governor once the Senate and the House pass it.
Even though there is difference of opinion when it comes to rewards, the casino and horse racing executives of New Jersey are rooting for the bill that will legalize and regulate sports betting. While Joseph Kelly, president of the Greater Atlantic City Chamber of Commerce wishes for all the revenue generated from sports betting to go to casinos, Senator of New Jersey Jim Whelan that no legislative support is possible without spreading the profits within the state.
It is not just the residents of New Jersey who are looking forward to the referendum as Senator Lesniak is also waiting to pass the votes to pass his revised online gambling bill.