New Jersey is about to cash in on sports betting. After a protracted legal battle and millions spent in court costs, the state will be able to accept legal wagers on sporting events, thanks to an opinion last month from the U.S. Supreme Court that overturned a federal ban on sports wagering. The atmosphere has public officials and gambling houses alike feeling like they just hit the jackpot. "I'm happy with this," says Dennis Drazin, who runs the Monmouth Park racetrack in Oceanport, N.J. "We're going to make money. We're going to save racing. The state's going to make money. This is a win-win for everybody." The New Jersey Thoroughbred Horsemen's Association, which Drazin oversees, was a plaintiff on some of the lawsuits against the major sports...
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Sports Betting Starts In New Jersey After A Decade Of Legal Battles