A bill to legalize sports betting advanced in New Jersey on Monday. According to Reuters, the bill omits all of the fraud fighting measures requested by professional sports leagues. The bill now moves to the full legislature for a likely vote on Thursday. If it passes, New Jersey will become one of the first U.S. states to regulate and tax sports bets. An estimated $150 billion is spent on illegal annual wagers in the United States. In May, the U.S.