Referred to as the Fixed Odds Wagering Act, the legislation will allow customers to place fixed-odds horse racing bets through official licence holders approved by the New Jersey Division of Gaming Enforcement, rather than only pari-mutuel bets.
The bill was first passed by the Assembly last month, with 74 votes in favour, none against and one abstention. It then when to the Senate, where it was amended before being passed by a 40-0 margin.