NJ to have legal sports betting by start of 2014 NFL Season
http://www.northjersey.com/news/monmouth-park-will-have-legal-nfl-betting-come-september-n-j-sen-lesniak-predicts-1.1037203
I believed it to be a bluff but it would be awesome if they did it. I can see people wanting to go there just to make a bet, but I'm also told it's not as big as I think.Quote: DRichIf anyone is silly enough to think that this is going to happen, I will take bets that says it doesn't.
Quote: onenickelmiraclebut I'm also told it's not as big as I think.
Illegal bookmakers make their money due to extending credit. If people had to put down cash things would be much different.
June 23, 2014
Chris Christie, Governor of New Jersey, et al., Petitioners
v.
National Collegiate Athletic Association, et al.
Petition for writ of certiorari is denied.
Translation: Tough luck, Christie, but we're not hearing this case. No sports betting in Jersey. Live with it.
In response, the legislature passed a bill that, supposedly, would allow private companies to run sports books legally in the state, pointing out that the federal law only bans the state from "licensing and regulating" sports betting.
Here is the text of the federal law:
Quote: Title 28, Section 3702, United States CodeIt shall be unlawful for
(1) a governmental entity to sponsor, operate, advertise, promote, license, or authorize by law or compact, or
(2) a person to sponsor, operate, advertise, or promote, pursuant to the law or compact of a governmental entity,
a lottery, sweepstakes, or other betting, gambling, or wagering scheme based, directly or indirectly (through the use of geographical references or otherwise), on one or more competitive games in which amateur or professional athletes participate, or are intended to participate, or on one or more performances of such athletes in such games.
Here's the text of the New Jersey bill:
Quote: New Jersey Legislature S2250All prohibitions, including, but not limited to, chapter 37 of Title 2C of the New Jersey Statutes, against wagering on the results of any professional, college, or amateur sport or athletic event, are partially repealed to the extent they would apply to such wagering at casinos or gambling houses in Atlantic City or at current running and harness horse racetracks in this State.
The question is, is the lack of a law banning it considered "pursuant to the law or compact of a government entity"?
Quote: AxelWolfIf this happens would they be able to extend this to their online venues? If so this could be a nice chunk of change.
According to this article, there would be no on-line sports betting. You have to do it in person.
http://www.nj.com/opinion/index.ssf/2014/07/sports_betting_a_democrat_gambles_on_nullification_mulshine.html
Quote: DRichIf anyone is silly enough to think that this is going to happen, I will take bets that says it doesn't.
Happens prior to zombie apocalypse: +650
Not: -850
Props: o/u -15 for 12am 7/1/2525 date with zombies or a NJ sportsbook opening
Quote: ThatDonGuy... In response, the legislature passed a bill that, supposedly, would allow private companies to run sports books legally in the state, pointing out that the federal law only bans the state from "licensing and regulating" sports betting.
So unregulated and unlicensed would be legal?
I.E. Jimmy the Bookie is ok, but a casino sports book is not?
Wow.
Quote: DJTeddyBearSo unregulated and unlicensed would be legal?
I.E. Jimmy the Bookie is ok, but a casino sports book is not?
First of all, it would be limited to "casinos or gambling houses in Atlantic City or at current running and harness horse racetracks in (New Jersey)". My interpretation is, the casino sports book would be a large-scale Jimmy the Bookie.
Like I said, it may come down to whether or not running an "unregulated and unlicensed" book is considered "pursuant to the law or compact of a governmental entity." My guess is, yes, it is, since the NJ law would implicitly authorize it by removing AC casinos and tracks from the places where it was unauthorized.
http://espn.go.com/espn/chalk/story/_/id/11756538/major-sports-leagues-granted-temporary-restraining-order-legal-betting-new-jersey
Quote: vendman1A NJ judge just granted a TRO to stop NJ from taking sports bets. Hate to say I told you so but I did. I'd love legal sports betting in NJ...but it isn't happening soon.
http://espn.go.com/espn/chalk/story/_/id/11756538/major-sports-leagues-granted-temporary-restraining-order-legal-betting-new-jersey
It's going to be hard for the ruling to justify "irreparable harm" in issuing the TRO considering that Las Vegas already takes millions of dollars of sports bets every day.
My "bet" is Monmouth Park is taking NFL bets before the end of the calendar year.
Buzz is right, I don't see how the major sports leagues could possibly justify this paranoia against legalized sports betting. Hell betting and fantasy football are a big reason the NFL is the most popular sport in America. They should embrace it...not fight it. It would only make the game(s) more popular. They are worried about the "integrity" of the game. Rubbish. No major pro athlete could ever get cut in for enough to make it worth point shaving or whatever. They already make millions. End of the roster guys aren't on the field enough to reliably fix the outcome. It's not 1919 anymore, the pros make too much cash.
Now college sports...that's a different story. Many point shaving scandals in college basketball, and that's just the ones we know about.
Oh , we can't have that. It might lead to academic fraud.
First bookie I worked for in 1950's , Henry G., when asked about some colleges fixes said, " Who cares, mighta been fixed the way I was betting ! "
Quote: vendman1Buzz is right, I don't see how the major sports leagues could possibly justify this paranoia against legalized sports betting. Hell betting and fantasy football are a big reason the NFL is the most popular sport in America. They should embrace it...not fight it. It would only make the game(s) more popular. They are worried about the "integrity" of the game. Rubbish. No major pro athlete could ever get cut in for enough to make it worth point shaving or whatever. They already make millions. End of the roster guys aren't on the field enough to reliably fix the outcome. It's not 1919 anymore, the pros make too much cash.
You underestimate the ability of a young rookie who doesn't make first-round bucks to spend what he makes without putting some aside.
Quote: vendman1Now college sports...that's a different story. Many point shaving scandals in college basketball, and that's just the ones we know about.
And the NCAA - which, as other cases have shown, are not exempt from anti-trust laws - is also a party in the injunction. Of course, then it would just be a matter of allowing betting only on professional sports; is there that much money bet on college football and basketball (other than tournament bracket pools)?
I also don't see sports betting becoming legal in New Jersey short of repealing the ban - there's no constitutional right to gamble, so what's New Jersey's case against the federal government?
Quote: ThatDonGuyYou underestimate the ability of a young rookie who doesn't make first-round bucks to spend what he makes without putting some aside.
And the NCAA - which, as other cases have shown, are not exempt from anti-trust laws - is also a party in the injunction. Of course, then it would just be a matter of allowing betting only on professional sports; is there that much money bet on college football and basketball (other than tournament bracket pools)?
I also don't see sports betting becoming legal in New Jersey short of repealing the ban - there's no constitutional right to gamble, so what's New Jersey's case against the federal government?
Agreed with most everything you said. I suppose you are right there is always one 20 year old knuckelhead. From what I recall of being 20 most 20 yr olds are knuckelheads.
The NFL has a game in London on Sunday. Guess what? People in London will be betting on the game.
Betting on the game in NJ is a no-no, but betting on the game in London is OK.
Go figure.
