1/3/2024 0 Comments Nj legalized sports bettingNone of them come close to New Jersey, which took in nearly $3 billion in its first year of operations. Since then, sixteen more states have passed such bills, including New York. Christie earned his rightful spot in the Sports Betting Hall of Fame, which is a thing, apparently. Two, actually, each twenty dollars, placed by its current governor, Phil Murphy, on the New Jersey Devils to win the 2019 Stanley Cup (they didn’t) and on defending champion Germany to win the World Cup (they were eliminated in the first round). New Jersey was among the first states to take advantage, accepting its first bet within a month of the high court’s ruling. Why shouldn’t the government get a piece of the $150 billion wagered illegally on sports each year, as estimated by the American Gaming Association? His efforts paid off when, in May 2018, the Supreme Court overturned a 1992 federal law that had banned the practice in all but a few places. In 2011, the then governor of New Jersey nobly launched the battle to legalize sports betting in his state. Speaking of Christie, he’s no idle observer he’s the architect, and this is a valedictory moment years in the making.
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