"Kostin expects New Jersey to widen its lead throughout the NFL’s 2019-20 season — thanks largely to NJ now having more than double the online sports betting sites it did last year.

Indeed, when the NFL season kicked off last year, New Jersey had only eight physical betting sites and seven online outlets. This year the state will offer 10 physical locations and 15 online sites, plus five more soon to come online."

From a legal and regulatory risk exposure perspective, this puts New Jersey front and center in the sports betting market. In May 2018, the Supreme Court of the United States overturned the Professional and Amateur Sports Protection Act (PASPA) of 1992. This decision has opened sports betting opportunities nationwide, and many states are now moving quickly to build the regulatory infrastructure that is required to support this type of business. Legalized gambling, in all forms, requires a significant amount of oversight and resources to ensure operators, players, and the public are protected. Regulators will be watching for a variety of issues including consumer protection, data protection, money laundering and sanctions concerns.