FILE PHOTO: New Jersey Governor Phil Murphy speaks after taking the oath of office in Trenton, New Jersey, U.S., January 16, 2018. REUTERS/Lucas Jackson/File Photo
June 11, 2018
(Reuters) – New Jersey Governor Phil Murphy on Monday signed a bill to legalize sports betting, opening the door for the state to regulate and tax the activity at casinos and racetracks.
“Our casinos in Atlantic City and our racetracks throughout our state can attract new business and new fans, boosting their own long-term financial prospects,” Murphy said in a statement. “This is the right move for New Jersey and it will strengthen our economy.”
(Reporting by Hilary Russ in New York; Editing by Sandra Maler)
