NJ to start licensing bets in January

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New Jersey says it will start issuing licenses for sports betting on Jan. 9, about a month later than it had originally intended.

But that's assuming a federal lawsuit filed by the major professional sports leagues can be overcome.

The state Division of Gaming Enforcement published regulations for sports betting on Monday in the New Jersey Register. New Jersey enacted a sports betting law in January 2012, limiting bets to the Atlantic City casinos and the state's four horse-racing tracks.

In May, Gov. Chris Christie said New Jersey would forge ahead with its sports betting law, despite a federal ban on legalized sports gambling in all but four states.

Casinos, racetracks or joint ventures of both can apply for the $50,000 sports pool licenses.

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