New Jersey wants to take bets ASAP

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If NJ ever got sports betting and has the same rules and stipulations as Las Vegas, they would make Las Vegas look like a step child....the handle and the crowds would be enormous.....
 

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If NJ ever got sports betting and has the same rules and stipulations as Las Vegas, they would make Las Vegas look like a step child....the handle and the crowds would be enormous.....

For a period of time yes. But then pa, ny, conn, and surrounding states would then do the same thing and ac would go back to the same trouble it's in now.
 
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Lesniak better hope for a new judge, because reading his logic regarding irreparably harmed is mind blowing. The fact that legalized gambling has been going on in Nevada for years without any harm to the NFL (in fact quite the opposite) seems to have flown under the radar for this judge. When you have ignorant people like this making decisions - there is no way NJ will win this case.
 

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Monmouth Park can’t offer “other sports” betting after all, NJ federal judge now decides - See more at: http://blog.northjersey.com/meadowlandsmatters/9961/monmouth-park-cant-

Monmouth Park can’t offer “other sports” betting after all, NJ federal judge now decides

POSTED ON MONDAY, OCTOBER 27, 2014 1:27 PM
BY JOHN BRENNAN



There was only one question asked afterwards by the dozen or so attorneys who were on a conference call Friday to hear Judge Michael Shipp explain his rationale from his Trenton bench for agreeing to issue a Temporary Restraining Order, requested by the NFL/NCAA/NBA/MLB/NHL, that prevented anyone from betting on NFL games at Monmouth Park on Sunday.

That was by Ron Riccio, the lawyer for the state Thoroughbred Horsemen’s Association. Riccio wondered if the TRO applied to all sports, or just to games involving the plaintiffs.

Just the plaintiffs, Shipp replied – and the confusion began.

In a press release issued later Friday, track operator Dennis Drazin said in part, “[T]he injunction only applies to the four leagues and the NCAA and still allows for betting on other sports such as golf, tennis, boxing, MMA fighting, NASCAR and soccer.”

Well, that was until an addendum was posted by the judge, Drazin told me today.

“That reads that ‘upon further consideration,’ the TRO applies to all sports,” Drazin said.

“It’s pretty clear that after he got off the bench, he thought more about this. “It’s unusual to grant relief to parties that aren’t there – and didn’t ask for relief.”


But wait, the Professional and Amateur Sports Protection Act of 1992 clearly prohibits 46 states from offering any sports betting at all except for horse racing, dog racing, and jai alai. So how can Monmouth Park think it can offer these “other” bets?


Drazin, an attorney himself, reminded me that the core issue here is that PASPA prohibits “state-sponsored” sports betting in those states because that was seen to be corrosive to the lifeblood of sports if there was a “spread” of such betting beyond Nevada.


New Jersey’s new sports betting law signed earlier this month by Governor Christie purports to take the state out of the picture entirely, while allowing state racetracks and casinos to regulate such betting if they choose (so far the others are keeping mum, content to let Monmouth Park take up the challenge first).


If the state is correct, then any betting is possible in New Jersey tracks and casinos.

Drazin estimates that the “other sports” combined would make up roughly 8 percent of a total handle – the NFL and NCAA football and basketball are kings, followed by the other major pro sports.

World Cup soccer betting would have been ideal, Drazin notes, and European soccer could be in play as well. Research is still being done on what the first, best options might be.

So does the judge’s addendum end the “other sport” scenario? Nope.

“We intend to challenge it” in court, Drazin said, adding that the overall prohibition, like the plaintiff-focused TRO, expires for now on Nov. 7. An injunction to delay any bets until the outcome of the case is decided is the next issue at hand.

 

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Lesniak better hope for a new judge, because reading his logic regarding irreparably harmed is mind blowing.
I don't follow politics closely,but I know some here do.
Q. Is there any chance this is just political BS between Reps and Dems,until the election?
Michael A. Shipp - Appointed by Barack Obama - - - Chris Christie - a leading member of the Republican Party.

because that "irreparably harmed" sounded weak to me.
 

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Date Set for Hearing on New Jersey Sports Betting

The parties will convene Nov. 20 in Trenton in front of U.S. District Judge Michael Shipp,
whose restraining order stopping New Jersey from allowing legal sports betting expires the day after.
dbanana0-9
 

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By DAVID PORTER

Associated Press

OCEANPORT, N.J. (AP) — Monmouth Park Racetrack is hoping sports gambling will save itself from the slow extinction facing much of the horse racing industry — a wager that could have a big payoff if New Jersey can successfully fend off the opposition of the Justice Department, the four major pro sports leagues and the NCAA.
The horse track is the only gambling venue in the state that has committed to offering sports betting if the state prevails in federal court, a move the track’s legal adviser said could give it a leg up in pursuit of a market that could net it millions.
“If everybody says, ‘We’re not going to engage in this,’ and there’s no one willing to try something, then there’s a law on your books and it doesn’t come to fruition,” Dennis Drazin said. “Somebody has to be willing to take the leap. Somebody has to be willing to step up to the plate.”
Drazin grew up less than 10 miles from the track and is a lifelong horse racing fan who offered up the shore-area track, home to the $1 million Haskell Invitational each summer, two years ago as a trial balloon for New Jersey’s sports gambling effort, a quest that has developed into a costly and drawn-out legal showdown.
Under legislation recently signed by Gov. Chris Christie, the eight Atlantic City casinos and the state’s racetracks can offer sports betting. But only Monmouth Park has taken any steps to do so. None of the casinos would comment on the possibility of offering such bets.
Several casino executives told The Associated Press they are loath to do anything that might jeopardize their licenses in New Jersey or other states in which they operate. They spoke on the condition that they not be named because they do not want to reveal business strategies to competitors.
Last week, Gary Loveman, CEO of Caesars Entertainment, which owns three Atlantic City casinos, said he is strongly in favor of sports betting, in New Jersey and nationwide.
“I’m always interested in sports betting,” Loveman said. “Americans over 21 ought to be able to bet on sports.”
Betting on individual college and professional games is only allowed in Nevada. Delaware offers sports parlay pools, in which bettors must correctly select several games to win money.
While experts differ on whether legalized sports betting would significantly alter the current downward trajectory of the casino industry in Atlantic City, where four casinos have closed recently, its effect on the state’s struggling racetracks likely would be felt immediately.
According to Drazin, Monmouth loses about $3.5 million to $4 million per year. Contrast that with the projected $75 million in annual revenues the track would realize based on $1 billion in total bets, according to estimates put together by Drazin and British bookmaking company William Hill, which has the contract to run a sports betting operation at the track. The estimates were based on betting activity in Las Vegas and Delaware and on New Jersey’s demographics.
Statewide, the total handle could reach $11 billion, Drazin estimates; Monmouth’s figures would jump if other racetracks and the casinos don’t offer sports betting right away. Despite the court defeats, he is confident legal sports betting will eventually extend outside Nevada.
“I’m very optimistic there will come a time when sports betting is legal in this country and I want to be out there first and have Monmouth Park have an opportunity to capitalize on this revenue,” he said.
New Jersey has already failed in its court challenge to a 1992 federal law that prohibits state-sponsored sports gambling, but it has re-crafted legislation based on a federal appeals court decision last year that said New Jersey wasn’t prohibited from repealing its laws against sports gambling.
A federal judge in Trenton issued a temporary restraining order last week stopping Monmouth from offering sports betting and will hear arguments in three weeks on extending that ban. Lawyers on both sides will seek to parse the meaning of the appeals court’s wording as the case moves forward and likely ends up back in front of the same court.
“The 3rd Circuit will be interpreting its prior statement; you have the language but what does it mean?” said Daniel Wallach, a Florida-based lawyer who specializes in the gambling industry. “They could say they were playing devil’s advocate. It’s difficult to predict how it’s going to resolve itself, but I think New Jersey has a pretty good shot at it.”
 

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Lesniak better hope for a new judge, because reading his logic regarding irreparably harmed is mind blowing. The fact that legalized gambling has been going on in Nevada for years without any harm to the NFL (in fact quite the opposite) seems to have flown under the radar for this judge. When you have ignorant people like this making decisions - there is no way NJ will win this case.



NJ should have the right to appeal this judges opinion.
 

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TRENTON, N.J. (AP) — A federal judge ruled Friday that New Jersey cannot partially lift a prohibition on sports betting in an effort boost the state’s struggling horse racing and casino industries.
The decision from U.S. District Judge Michael Shipp was the expected outcome since the judge had ruled similarly in the past.
The state, locked in a legal battle with the NCAA and four professional sports leagues, is expected to appeal to a higher court.
A federal law bans New Jersey and most other states from authorizing betting on sports. But the state contended it did not want to license or authorize the betting. Instead, it was seeking to end a prohibition and that it would not regulate sports betting.
But Shipp agreed with the sports leagues that setting parameters such as limiting sports gambling to certain places amounts to regulation.
New Jersey has been pushing persistently to allow sports betting at horse tracks and casinos in an effort to support both struggling industries. Voters have approved the concept, but a federal court rejected it in a slightly different form. The U.S. Supreme Court declined to hear the case earlier this year, and it seemed that might be the end of it.
But as the financial crisis in Atlantic City’s casinos deepened, Gov. Chris Christie’s administration tried a new approach. Instead of legalizing sports gambling in defiance of the leagues and federal government, it called for not enforcing the state’s ban. The Legislature followed with a bill to lift the ban as it pertains to casinos and tracks. Christie signed that into law last month.
The NCAA and four major professional sports leagues contend that federal law would allow the state to lift the ban entirely — but not to allow sports betting with some conditions, such as limiting it to certain locations and keeping minors from participating.
 

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You knew this was going to be the end result. Lesniak with all kinds of bravado months ago telling people you better reserve your rooms in AC for Super Bowl weekend because they would sell out with people coming down to wager on game.
 

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The State of New Jersey not the people has been pushing persistently to allow sports betting at horse tracks and casinos in an effort to support both struggling industries.

Are they really saying but not saying the owners of these industries need more income (losers) and less winners?

Thats how I read this, its not the competiton that was their downfall! Obama just allowed immigrants temporary free citizenship so the money should start 2 flow............ Lets go after the people who employed the illegal immigrants and paid them cash and didn't pay their Fair Share, whats you say ObolaSlapping-silly90))
 

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The judge kept bringing up PASPA which bans sports betting except in 4 states but are there other federal laws that ban acts in some states but not others? What is the constitutionality of PASPA if that is what the judge keeps stating?

Also, where do New Jersey's federal Reps and Senators stand on this issue? Lesniak should be pushing for New Jersey voters to bombard their federal politicians with calls and e-mails.
 

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How many times have we been through this now? Everyone gets all excited and same end result
 

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unreal that AC is struggling big time and the judge cant think outside the box enough to give them a shot at making some $$$
and digging themselves out of this hole they are in.
 

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How many times have we been through this now? Everyone gets all excited and same end result


Yes it is frustrating. Very frustrating. But what is the other option?

Stop trying? Surrender? Give up?

No way.

The laws can be changed but we are going up against some very big money and power.

I respect those who are out there still fighting the good fight.
 

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HERE IT IS....fantasy sports betting...I'll take a threesome over screwing someone under a restaurant table....that's my fantasy bet

New Jersey racetrack plans fantasy sports betting

Eds: APNewsNow.

OCEANPORT, N.J. (AP) — A New Jersey racetrack says it will soon offer fantasy sports betting.
Monmouth Park officials announced their plans in a statement Saturday. It came one day after a federal judge ruled the state can’t partially lift a prohibition on sports betting in an effort to boost its struggling horse racing and casino industries.
Track officials haven’t set a date for when they will start offering fantasy sports betting but indicated it will happen “in the near future.”
Dennis Drazin, an adviser to the racetrack’s operators, says their legal team is still reviewing the ruling issued late Friday. But he says that “on its face,” the ruling doesn’t block the track’s plans.
State officials already filed a notice of appeal against the judge’s decision. But the track said that process wouldn’t put its plans on hold.
 

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thats what New Jersey has to do -- get creative.

Recon for President.......

Taco you are saying it as all of America doesn't! Most of the boys/girls in office are counting their days 2 retirement
 

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