Odds May Be Better For New Jersey Sports Wagering

New Jersey Governor, Chris Christie, issued a directive that allows the state’s casinos and racetracks to offer sports betting. Governor Christie based his directive on a Third Circuit court ruling that said New Jersey is not necessarily prohibited from repealing its ban on sports wagering.

However, many believe that Governor Christie is exploiting a loophole in a federal law. The law bans states from setting up regulatory schemes for sports betting, but allows the state to deregulate gambling, rather than regulate it. Governor Christie …

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