NJ Sports Betting on the Cusp of Reality

BetOnline.ag
Legal betting in New Jersey

Bet Legally offshore at SBO.ag

State senator says Odds in favor of New Jersey Gambling on Sports

The chances of NJ sports betting seem to be getting closer as endorsed by a New Jersey state senator who believes the probabilities favor statewide action in the Garden State.

The state senator, Democrat Raymond Lesniak, forecasted Thursday in Las Vegas that there is an 85 to 90 percent opportunity that a June court judgment will certainly either enable or direct the way to legal NJ sports betting.

The 3rd U.S. Circuit Court of Appeals in Philadelphia is anticipated to rule on the sports betting case June 26. The case comes from an injunction given by U.S. District Judge Michael Shipp in October, obstructing a New Jersey law that would have enabled legalized wagering at state-licensed gambling establishments and racetracks.

“What I think is very unlikely, is that they’ll simply throw the case out,” Lesniak stated. At least, the senator believes the path to legalization will be set out by the court.

The senator, who favors legal NJ sports betting, spoke via Skype throughout the final 2015 iGaming North America session at Planet Hollywood Resort. The conference is the fifth of its kind, combining land-based and online betting markets for education and networking opportunities. About 50 individuals attended the Las Vegas session.

“This circuit by the way, this panel, is the very best shot we will certainly ever have,” he said, discussing that the judges on the panel asked difficult questions of the challengers of the NJ sports betting law.

The October injunction followed the National Football League, National Basketball Association and Major League Baseball sued in an effort to obstruct the bill Republican Gov. Chris Christie signed a few days previously, citing a 1992 federal sports betting ban, the Professional and Amateur Sports Protection Act.

“If the 2014 Sports Wagering Law is not declared illegal … the proliferation of state-sponsored and approved sports betting in Atlantic City casinos and at New Jersey racetracks will trigger instant and irreparable damage to the sports leagues,” the claim said.

New Jersey has actually made several attempts to legislate sports betting. Three years ago, the Legislature and Christie authorized sports betting after a referendum revealed the public backed the issue by a 2-to-1 margin. The professional sports leagues and the Justice Department sued. The district and appellate courts consequently uopheld PASPA. Later on, the US Supreme Court declined New Jersey’s demand to step in.

David Purdum, a gaming industry press reporter for ESPN, stated he thinks the NFL is worried about exactly what its fans will think.

“Publicly, they’re stressed over the perception of the stability of the game,” he stated.

There’s little doubt legal sports betting would do more good than harm in Atlantic City, Lesniak stated.

The city just recently lost 10,000 jobs after a quarter of its gambling establishments closed, and he thinks the market would propel the economy with state-of-the-art and management jobs.

The Garden State would make “a lot more than Las Vegas is making,” Lesniak stated, due to the fact there are a “hotbed” of teams in the Northeast.

Nevada made $3.9 billion in income from sports wagering in 2014.

If things go the senator’s way, Purdum thinks it’s only a matter of time before other states do the same.

“I believe they will go to Congress quickly,” he stated.

http://spreadbetmoney.com/spread-betting…

BetOnline.ag

We will be happy to see your thoughts

Leave a reply

Search