Governor Phil Murphy signs sports betting bill into law

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Governor Phil Murphy signs sports betting bill into law. Watch this report from Action News at 4pm on June 11, 2018. (WPVI)

New Jersey Gov. Phil Murphy signed legislation allowing the state's casinos and racetracks to begin taking sport bets.

Murphy signed the measure Monday, making New Jersey the second state after Delaware to allow sports betting since a Supreme Court decision cleared the way for such gambling.

"Today, we're finally making the dream of legalized sports betting a reality for New Jersey," Murphy said in a statement. "I'm thrilled to sign Assembly Bill 4111 because it means that 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. This is the right move for New Jersey and it will strengthen our economy."

Dennis Drazin, the operator of Monmouth Park Racetrack in Oceanport, near the Jersey shore, says Murphy will place the first bet on Thursday.

The Democratic governor signed the bill four days after the Democrat-led Legislature sent him the legislation.

Three weeks ago, New Jersey prevailed in a Supreme Court case that struck down a federal law limiting sports betting to just four states.

Now, any state is free to adopt laws legalizing it. Analysts expect most to do so.

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