(AP Photo/Seth Wenig, File)

NJ Casinos Await Murphy’s Signature On Sports Betting Legislation

June 08, 2018 - 8:15 am

ATLANTIC CITY, N.J. (1010 WINS) -- Atlantic City is waiting on word from Trenton.

They want to know when legislation passed Thursday to legalize sports betting, will be signed into law.

Casinos and some racetracks are ready to take wagers when the bill gets signed by Gov. Phil Murphy.

"Anything you could tax is probably good for the state, right? I mean revenue," one man said.

The state treasurer projects revenue of only $13 million in the first year, despite hefty taxes.

One man said he thinks he knows why.

"Doesn't matter because the bookies are still gonna win, because you don't have to pay taxes," he said. "That's where I bet."

Gov. Murphy supports legalized gambling, but there was no word as to when he would sign the bill.