Various venues were considered by World Wrestling Entertainment (WWE), according to the story. The story says that state officials expect 70,000 people to come to MetLife Stadium for the event.
A one-week fan festival at the Izod Center will lead up to it.
The website quotes a source as saying, "It's a big, big show, like a mini-Super Bowl."
The Super Bowl itself is expected to lure 150,000 people to the area in 2014.