New Jersey Assembly OKs Sports Betting Bill

A measure that would allow betting on professional sports at Atlantic City's casinos was approved Thursday by the Assembly Tourism and Gaming Committee, but even the bill's sponsor conceded that its future was uncertain. Bill sponsor Assemblyman Jeff Van Drew, D-Cape May, said he thought there was less than a 50 percent chance sports betting would ever come to the state's gambling resort, but that an effort should be made due to increased gaming competition. Van Drew said sports gambling would be a powerful boost to Atlantic City, which could be hurt by the slot machines being placed at racetracks in neighboring states. "As competition grows it is important, it is paramount that we ensure the revenue stream continues to be there," Van Drew said. Read more from Newsday.com.