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Dr. J places historic 1st sports bet in Atlantic City on hometown favorite

The Borgata officially became the first Atlantic City casino to cast sports bets Thursday morning, as NBA legend Julius Erving, aka Dr. J wagered $5 on a repeat Superbowl victory for the Philadelphia Eagles.

"I'll hold onto this ticket for a while, at least until next year," Erving said after placing the first sports bet in Atlantic City history at the Race & Sports Book room in the Borgata, which until today served only to place bets on horse racing.

Erving said he had to make a quick decision as he was asked to make New Jersey history just the night before.