Governor Signs DFS Bill in New Jersey

Daily fantasy sports is legal now in New Jersey after Governor Chris Christie (l.) signed a bill authorizing the wager. The industry is expected to provide more than $6 million in tax revenue for the state.

Governor Chris Christie last week signed a bill legalizing daily fantasy sports in the state. The industry will be regulated by the state Division of Gaming Enforcement. A tax rate of 10.5 percent will be imposed on the profits of DFS companies that operate in the state from players in the state. DFS officials estimated it would provide $6.6 million in tax revenues.

DFS companies praised the bill, calling it one of the best of the 16 states that have currently approved DFS wagering.

“The law establishes multiple layers of oversight, placing New Jersey at the forefront of consumer protection nationally, and creating a new source of tax revenue with major potential for growth in the state,” said Marc LaVorgna, a spokesman for DraftKings and FanDuel, in a statement.

The law allows DFS companies to partner with New Jersey casinos but does not require it.

Recent Articles

History Playbook

On This Day In Sports History

On June 19, 1973, 45-year-old hockey legend Gordie Howe came out of a two-year retirement to sign with the WHA's Houston Aeros, joining his teenage sons, Marty and Mark. Previously a 25-season Red Wings star with 786 goals, Howe played six WHA seasons before returning to the NHL post-merger, skating his final game with the Hartford Whalers at age 52.

On This Day In Sports History

A decade of dominance. From 1981 to 1990, the Las Vegas Hilton held the title of the largest hotel in the world. The reign ended only when the modern "mega-resort" took over the block. When The Mirage opened in 1989, followed by the Excalibur in 1990, it triggered a massive, theme-driven architectural race that reshaped Las Vegas into the global destination we know today.