New Jersey's Assembly Tourism, Gaming and the Arts Committee has approved legislation which would authorize casinos in Atlantic City and racetracks to offer betting on professional and collegiate sport or athletic events.

Sponsored by Eric Houghtaling, John Burzichelli, Joann Downey, Ralph Caputo and Raj Mukherji, bill A4111 allows adults over the age of 21 years to place bets in-person at a sports wagering lounge located at a casino or racetrack, or via the internet.

The introduction of the bill follows the recent decision by the US Supreme Court to strike down the 1992 Professional and Amateur Sports Protection Act (PASPA) which had banned state-authorized sports gambling with the exception of Nevada.

Premium subscribers continue here to the full article.