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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New Jersey’s Long Stretch to Legalize Sports Betting

Today New Jersey Senator Ray Lesniak is expected to introduce a bill that presumably would circumvent the Professional and Amateur Sports Protection Act (PASPA), a federal law prohibiting sports betting, to allow sports gambling in the state’s casinos and racetracks.

His plan was announced shortly after the Supreme Court denied to hear the state’s appeal on Monday.  New Jersey previously challenged the federal law in an effort to legalize sports betting in the state but has lost three times in federal court.

Senator Lesniak’s bill …

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