Legal & Regulatory News

Following the conclusion of three gaming summits to investigate ways to revive New Jersey’s ailing gaming and entertainment industry, New Jersey Democrats on Monday unveiled a comprehensive legislative framework to rescue the state’s horseracing industry and to establish New Jersey as a global leader in online gaming.

Senator Jim Whelan, co-chair of the task force, said the proposals would move the state beyond regional interests and enact a truly state-wide plan for success.

Key recommendations include expanding the current system which allows only pari-mutuel betting to include Betfair style betting exchanges and single-pool betting; legalising intrastate internet gaming through Atlantic City’s casinos and putting a question on the General Election ballot to allow voters the opportunity to legalise sports betting; and streamlining operations and regulations within the state’s horseracing and casino industries.

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