New Jersey Governor Signs Sports Betting Bill into Law

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."