The New Jersey Senate has started drafting a sports betting bill with eyes on a ballot referendum on November 8 that could legalise online gambling. To pass a bill, the existing ban on sports betting under the Professional and Amateur Sports Protection Act (PASPA) needs to be overturned or repealed, according to the State Senate Gaming and Tourism Committee.
Democratic Senator Jim Whelan said that a bill could be passed between the election and the end of the legislative term on January 9. “If this referendum should pass, we want to hit the ground running,” Whelan told the Press of Atlantic City. “We want to put a bill together so that when New Jersey goes back to court, not only did we just pass the referendum, but we would have enabling legislation as well.”
Sports betting could become a $10 billion industry for New Jersey, generating $100 million a year in tax revenues for the state.