New Jersey voters could weigh in on whether to allow legalized sports betting if lawmakers approve placing the question on November's ballot.

The Senate Economic Growth Committee last week held a public hearing on the initiative. Supporters would like to regulate gambling on sporting events since it would generate more money for the state and help support Atlantic City casinos and New Jersey's horseracing tracks.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.