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Golden Casino with clear path to NBA betting

New Jersey’s State Senate passed a law that would enable Atlantic City’s Golden Nugget Casino to take bets on all NBA contests, aside from those that involve the Houston Rockets team which was acquired by the casino’s owner, Tilman Fertitta, in 2017.

Under current rules, introduced last year, casinos that are owned by individuals/companies with 10% or more holding in a team may not take wagers on games from that team’s league.

Golden Nugget was the only Boardwalk casino affected by that ban. Its owner, Tilman Fertitta, also owns the Houston Rockets basketball team. This means that the Marina District casino has not been able to take wagers on NBA games since it entered New Jersey’s sports betting scene in August 2018.

The Bill A5463 is now headed to Governor Phil Murphy who can either sign it into law or veto it. The legislation was introduced earlier this year and unanimously (76-0) passed the State Assembly in June. All members of the Senate but one (26-1) voted in favour the measure a few days ago.

If New Jersey’s governor will sign it, the loosening of restrictions will likely be warmly welcomed by Golden Nugget which has lost out significantly due to its ban on NBA wagers. In July, the casino has made just $539,503 from sports betting – the second-lowest total of any New Jersey sportsbook.

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