Three of New Jersey’s own legislators and Democrats at that – Eric Houghtaling, Joann Downey and John Burzichelli are co-sponsoring a new draft of the proposed sports betting bill –which fascinatingly – includes a proposal for an NJ casino integrity fee.
This would not be intriguing if the matter had not already cost 9 million dollars in legal bills and received endless representations from sports representatives lobbying for this very thing over a period of six years previously.
That said, this new proposal is a slightly softened version of what has come before it and avoids giving sporting leagues the 1% integrity fee on all sums transacted. The authors of this new draft have, in fact, been extremely creative, in that the sports leagues will not have easy access to these funds. Instead, the state will manage the fund and each sporting body will need to apply for these funds via claim forms. The final decision for the distribution of such funds will lie with the New Jersey Attorney General. That is – if this draft bill is successful.
There is no shortage of a source of fees to keep the proposed integrity fund looking rosy. Currently, these are proposed:
$500 000 per application
Meanwhile, the other considerations for the legislation are not unusual and don’t contain any surprises:
This re-draft certainly has some surprises, and we can be assured of further modifications as the leagues and the state try to find some mutually agreeable ground to finally put this one to rest, but progress is certainly being made.