98°F
weather icon Clear

NJ voters to weigh in on legalized sports betting

New Jersey voters will be able to decide next year whether they want to legally bet on sports games as a result of action taken Monday by the state Legislature.

Votes in the state Senate and Assembly guaranteed that a referendum will appear on the November ballot asking voters whether they want to amend New Jersey’s constitution by legalizing sports betting in the state.

Even if voters say yes, a federal ban on sports betting in all but four states would have to be repealed or overturned.

A 1992 federal law restricts sports betting to the four states that met a deadline to sign up for it: Nevada, where Las Vegas sports books determine the odds for sporting events across the country; Delaware; Montana; and Oregon. Montana and Oregon don’t offer sports betting now.

The law carved out a special exemption for New Jersey, giving it a chance to decide if it wanted legal sports betting. But the state failed to enact a law that would have done so, and the exemption window closed.

Don't miss the big stories. Like us on Facebook.
THE LATEST
 
Will Strip resort closures change the hotel market?

Simple laws of supply and demand might make observers think that losing two resorts within three months would have a significant effect on the Strip market.