Golden opportunity for Golden Nugget with one exception

Good news for the Golden Nugget and NBA fans alike. Indeed, it seems the Golden Nugget managed to clear a hurdle just on time for the season that starts on October 22nd.

In essence, the A5463 Bill drafted on June 17th that allows casino with shared ownership of any professional sports team to accept bets on leagues their teams participate in had practically no objection. And so the assembly voted 76-0 in favor of it. The state Senate was equally pleased with the recommendation and recently passed the Bill 26-1. The odd man out was Michael J Doherty New Jersey’s 23rd Legislative District representative.

Now even if the new Bill would essentially allow the Golden Nugget to accept NBA bets. The casino won’t be able to accept wagers on Rockets games yet since Tilman Fertitta owns them.

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Veto rights      golden nugget

Currently, the Bill is on Murphy’s desk and is pending a signature. The Governor has 45 days to put pen to paper or veto it. And thankfully the deadline falls well within an acceptable time frame for the season’s opening.

Most people think that Murphy will have no objection with the new Bill. After all, he’s been advocating for the state to embrace the lucrative gambling tax income for a while now. Plus, Murphy was the first person to place legal sports bets in the state in 2018. So, he’s been backing sports betting since day 1. And, everyone thinks he’ll continue to show his support by signing the Bill.

The Nuggets could dominate

After looking at July’s figures, many predicted that the Golden Nugget could indeed take the lead from the Borgata or Hard Rock Casino. Indeed, New Jersey’s Golden Goose has been sitting pretty on the 3rd step of the revenue podium for a while now. And perhaps the immense popularity of NBA is what the operator needs to get a 50-50 online vs. offline revenue split and take the lead. But for this to happen, Murphy needs to sign the A5463 Bill.