Appeals Court Grants New Jersey New Hope For Legalized Sports Betting
It ain’t over till the fat lady sings is what comes to mind when following the ongoing legal battle in New Jersey to legalize sports betting. The fat lady (in this case Gov. Chris Christie) has been at the forefront of the Garden State’s attempts to get sports betting legalized at their troubled state casinos and racetracks.
After years of back and forth the August 25 decision by the United States of Appeals for the Third Circuit in Philadelphia that upheld a lower court ruling that New Jersey’s efforts to allow its casinos to and racetracks to offer sports betting violated the Professional and Amateur Sports Protection Act (Paspa) of 1992 was vacated today by the Federal Appeals Court.
Well today a federal appeals court said “We acknowledge New Jersey’s salutary purpose in attempting to revive its troubled casino and racetrack industries. We now turn to the primary question before us: whether the 2014 law violates Paspa. We hold that it does.”
This latest lease of life for the Garden State is considered by experts like well-known gambling lawyer Daniel Wallach as the equivalent of “winning the lottery”. Wallach said, ”It means that New Jersey’s sports betting hopes are alive and strong, and at least six out of the 10 judges who signed the order thought there were some significant issues to readdress.”
Legal sports betting is seen as a serous potential cash cow for embattled states looking to prop up their economies. Added to that is the millions of fans who play daily fantasy sports as the only legal alternative to sports betting. The hope is that should sports betting become legal in New Jersey the existing player base of DFS fans would be only to apply to play legal sports betting given the option.