New Jersey’s first day of legal wagering; New York betting bill passage doubtful

New Jersey’s legal sports betting market is off and running, while New York’s efforts to join the betting brigade appear to be stuck in the starters’ blocks.

On Thursday morning at 10:30am, New Jersey Gov. Phil Murphy placed the state’s first legal wagers at the William Hill-powered sportsbook at Monmouth Park racetrack. Murphy placed a pair of $20 futures bets on the New Jersey Devils to win the 2019 Stanley Cup and Germany to claim the 2018 FIFA World Cup trophy.

Half an hour later at Atlantic City’s Borgata casino, basketball legend Julius ‘Dr. J’ Erving placed a $5 bet on the Philadelphia Eagles “to repeat” as Super Bowl champions in 2019. State Sen. Stephen Sweeney, a staunch supporter of the state’s seven-year quest for legal wagering, bet $200 on the Greeen Bay Packers hoisting next year’s Lombardi Trophy.

Murphy signed his state’s betting legislation into law on Monday and the Division of Gaming Enforcement (DGE) released its temporary sports betting regulations on Wednesday. Online wagering can theoretically commence by July 12, assuming the DGE can process operators’ applications for transactional waivers by that date.