Sports betting is now legal in New Jersey: Gov. Phil Murphy on Monday signed legislation that allows wagering on professional and collegiate sports.

“Today, we’re finally making the dream of legalized sports betting a reality for New Jersey,” Murphy said in a statement. “I’m thrilled to sign [the legislation] because it means that our casinos in Atlantic City and our racetracks throughout our state can attract new business and new fans, boosting their own long-term financial prospects. This is the right move for New Jersey and it will strengthen our economy.”