New Jersey gaming regulators have approved temporary sports betting regulations just one day before Governor Phil Murphy is set to take the state’s first legal wager.

On Wednesday, New Jersey’s Division of Gaming Enforcement (DGE) published the newly approved temporary regulations (viewable here) governing sports betting activity by the state’s gaming licensees. Regulators now have 270 days in which to craft the permanent regs.

First up, money. The cost of a sports betting license isn’t yet set in stone, but an initial license will cost a minimum of $100k. The full amount will be determined after considering “the costs for renewal, enforcement and gambling addiction.” Applicants need to ante up an additional retainer of $250k to cover the DGE’s sports betting oversight startup costs.

Land-based wagering at Atlantic City casinos will be taxed at 8.5%, while online wagering will face a 13% rate. Both rates are subject to an additional 1.25% tax to help fund AC tourism and marketing programs.