U.S. Appeal Courts Deals New Jersey Sports Betting Efforts Another Blow
The battle to legalize sports betting in New Jersey has taken so many twists and turns that still have not cleared up the issue. The latest disappointment for the Garden State came on Tuesday when a U.S. appeals court ruled against a New Jersey Law that authorized sports betting in the state. The decision by the U.S. Court of Appeals for the Third Circuit was by a 2-1 vote.
The stakes for New Jersey could not be higher as the sums thrown about for a legal sports market are in the billions. Last October Gov. Chris Christie signed a legislation that was planned to repeal the ban on sports betting which would have seen about $10 billion go to the state coffers according to experts.
New Jersey was hoping to use revenues from legalized sports betting to support the struggling state racetracks and casinos that have suffered from neighboring states competing with them,
The battle is far from over as once again New Jersey State Senator Ray Lesniak said he would appeal for a hearing in front of the Third Circuit. Currently only Nevada offers legal sports betting but the tide is changing particularly with major sporting bodies like the NBA with their commissioner Adam Silver talking about the opening up the debate as to whether the federal government needs to provide a national solution.