NJ Sports gambling bill

[jwkniska]

passes the house (30-4). needs to pass the senate next, which it should do.. and already has the governor's approval.

sportsbooks coming soon to Atlantic City and table games to the racetrack/casinos.

[tector]

I assume this subject to Congress's approval, given this:

http://en.wikipedia.org/wiki/Profess...on_Act_of_1992

http://www.gambling-law-us.com/Feder...protection.htm

Or are they going to challenge the Constitutionality of the statute?

Good luck with that, given the infamous "medical marijuana" case:

http://en.wikipedia.org/wiki/Gonzales_v._Raich

[tector]

Answered my own question on Google in 30 seconds:

http://www.reuters.com/article/marke...36959020090323

Good luck with the suit, guys. You are right, but that means nothing.

[philcski]

Originally Posted by tector

Answered my own question on Google in 30 seconds:

http://www.reuters.com/article/marke...36959020090323

Good luck with the suit, guys. You are right, but that means nothing.

If the $380 billion number is correct, and I have nothing to dispute it, that's absolutely staggering. At an average takeout of 4.5% that's $17 billion in revenue.

Keep in mind TOTAL handle on racing was approximately $15 billion last year.

[randallscott35]

Bring it on

[jwkniska]

Originally Posted by tector

I assume this subject to Congress's approval, given this:

http://en.wikipedia.org/wiki/Profess...on_Act_of_1992

http://www.gambling-law-us.com/Feder...protection.htm

Or are they going to challenge the Constitutionality of the statute?

Good luck with that, given the infamous "medical marijuana" case:

http://en.wikipedia.org/wiki/Gonzales_v._Raich

it's legal due to the 1992 act... just like the online racebooks are basically all out of Oregon, due to the same 92 law. Since Delaware is one of the 4 states that congress has already said could pass a state sports gaming law, no extra approval of congress should be needed. Only state approval.

[tector]

Originally Posted by jwkniska

it's legal due to the 1992 act... just like the online racebooks are basically all out of Oregon, due to the same 92 law. Since Delaware is one of the 4 states that congress has already said could pass a state sports gaming law, no extra approval of congress should be needed. Only state approval.

RIF.

We are talking about NJ, which was NOT grandfathered in 1992 (by their own idiotic choice at the time).

[jwkniska]

Originally Posted by tector

RIF.

We are talking about NJ, which was NOT grandfathered in 1992 (by their own idiotic choice at the time).

I just went back into espn (where I first saw this)... and it's Delaware that's approving it.. not NJ. Delaware is on the 92 list. Needs to be NJ due to Atlantic City. The perfect place for a sportsbook is on a boardwalk casino in Atl City. wonder if Del's going to be where some of the online casino/poker places are going to try to be set up in (if Congress passes the repealing of the internet gaming law).

[tector]

The original poster was talking about NJ, unless he got his facts mixed up. NJ is trying the same thing as Delaware, and the lawsuit is already filed. Their state government is moving on this as well:

Knowing this, the New Jersey assembly last week approved, by a 58-17 vote, a bill to bring legal sports betting at Atlantic City casinos one step closer. Sponsors of the bill are trying to expand it to allow sports betting at the state's three racetracks and betting on NCAA games that don't involve New Jersey schools. (This is similar to Nevada, which takes action on everything except Nevada university teams.)

http://www.thestar.com/Sports/article/584211

NJ has a MUCH tougher set of hurdles given the dumb choices made there 16-17 years ago.