Lesser: Legislature is considering New Jersey’s sports betting law

Oct. 23, 2019 | G. Michael Dobbs
news@thereminder.com

GREATER SPRINGFIELD – New Jersey appears to be benefitting from its sports betting, which is perhaps a lesson for other states considering it, such as Massachusetts.

According to a report on the investment site, Seeking Alpha, “New Jersey is challenging Nevada for sports-wagering superiority, having logged a state record $445M in wagers in September. That's still short of Nevada's best totals, including its record of $600M in March. But it signifies the rapid growth of the sports betting market in New Jersey since its June 2018 legalization.”

The report added, “Sports betting has been a September bright spot for Atlantic City casinos, whose core table games and slots revenues fell 3.2 percent (to $224.5M) but sports betting and Internet gambling revenue boosted the overall total to $283.2M (up 4.1percent).”

Currently the Legislature is considering a bill that would legalize sports betting in the Commonwealth. State Sen. Eric Lesser is among those charged with working on the legislation.

Lesser told Reminder Publishing, “People ask me all of the time when they will be able to legally bet on their beloved Patriots, so I understand and appreciate the interest. The Committee on Economic Development is considering several proposals, and we are in the process of reviewing them. New Jersey’s law is one we are definitely looking at very closely.”

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