Two really good articles worth a read....
Puts regulation of sports betting under the NJ Division of Gaming Enforcement.
Allows wagering at any Atlantic City casino or racetrack in the state, or via mobile wagering.
The New Jersey Racing Commission would be involved in approving the operation of a sportsbook at a track or “any agreement between a casino and a racetrack to jointly operate a sports pool.”
Bans wagering on college events that take place in New Jersey, or on college events involving a New Jersey-based school.
Gross revenue from sports wagering at casinos and tracks will be subject to an eight percent tax.
Online sports betting revenue is taxed at a rate of 12.5 percent.