New Jersey on Monday moved closer to joining the growing ranks of states enacting legislation regulating daily fantasy sports betting—the multimillion-dollar-a-year industry that, until recently, has gone unregulated nationwide.

The Assembly approved the legalization and regulatory bill, A-3532, in a 56-13 vote. It still must be acted on by the Senate and approved by Gov. Chris Christie if it is to be enacted. The bill is sponsored by Assemblymen Vincent Mazzeo, D-Atlantic, Ralph Caputo, D-Essex, and John Burzichelli, D-Gloucester.

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