Circuit Court Rejects NJ Sports Betting Law
Aug 25, 2015 15:22:16 GMT -5
Post by cait on Aug 25, 2015 15:22:16 GMT -5
good or bad?
Circuit Court Rejects NJ Sports Betting Law
By Tom LaMarra
Bloodhorse
The United States Court of Appeals for the Third Circuit has ruled, by a 2-1 vote, that New Jersey's 2014 law authorizing sports betting at casinos and racetracks is illegal.
Judges Marjorie Rendell, Maryanne Trump Barry, and Julio Fuentes were on the panel. Fuentes dissented.
The court in 2014 ruled that the New Jersey law violates the federal Professional and Amateur Sports Protection Act, which prohibits states for authorizing sports betting. Only four states—Delaware, Montana, Nevada, and Oregon—are permitted to offer sports betting, and only Nevada can offer full sports wagering.
Monmouth Park officials have led the way among New Jersey racetracks in the push for sports betting. The track already has a renovated area to accommodate it.
An appeal is planned, according to Monmouth and state legislators. The state and Monmouth group appealed a similar ruling in 2013.
"While we are disappointed, our fight is not yet over," Monmouth adviser Dennis Drazin said in a release. "I respect the opinion issued by the majority; however, I must respectfully disagree with its conclusions.
"The dissenting opinion of Judge Fuentes mirrored the argument we have made from the onset. It's important to note that Judge Fuentes was in the majority back in 2013 when the court issued its first opinion denying sports wagering, but carved out a path for permitting the same. We followed that path, and in dissenting, Judge Fuentes recognized this.
"Because of the dissent in 2013 and (the latest) dissent, our next logical step is to ask for an en banc hearing of the Third Circuit, where we believe a full opinion is necessary to secure and maintain uniformity of the court's decisions."
William Hill, an international betting company, partnered with Monmouth in 2012 to turn a room at the track into a sports book. That was the year the New Jersey legislature passed the sport betting law.
"The William Hill Room has been ready for operation for more than a year now," said Joe Asher, president of William Hill US. "It's pretty clear to me that this matter is far from over. I remain convinced that legal sports betting will come to New Jersey. It's a matter of when, not if.
"There's a massive illegal sports betting market that exists, not only in New Jersey, but all across the country. The sooner that market comes out of the shadows and into the sunlight, the better off we will be."
Circuit Court Rejects NJ Sports Betting Law
By Tom LaMarra
Bloodhorse
The United States Court of Appeals for the Third Circuit has ruled, by a 2-1 vote, that New Jersey's 2014 law authorizing sports betting at casinos and racetracks is illegal.
Judges Marjorie Rendell, Maryanne Trump Barry, and Julio Fuentes were on the panel. Fuentes dissented.
The court in 2014 ruled that the New Jersey law violates the federal Professional and Amateur Sports Protection Act, which prohibits states for authorizing sports betting. Only four states—Delaware, Montana, Nevada, and Oregon—are permitted to offer sports betting, and only Nevada can offer full sports wagering.
Monmouth Park officials have led the way among New Jersey racetracks in the push for sports betting. The track already has a renovated area to accommodate it.
An appeal is planned, according to Monmouth and state legislators. The state and Monmouth group appealed a similar ruling in 2013.
"While we are disappointed, our fight is not yet over," Monmouth adviser Dennis Drazin said in a release. "I respect the opinion issued by the majority; however, I must respectfully disagree with its conclusions.
"The dissenting opinion of Judge Fuentes mirrored the argument we have made from the onset. It's important to note that Judge Fuentes was in the majority back in 2013 when the court issued its first opinion denying sports wagering, but carved out a path for permitting the same. We followed that path, and in dissenting, Judge Fuentes recognized this.
"Because of the dissent in 2013 and (the latest) dissent, our next logical step is to ask for an en banc hearing of the Third Circuit, where we believe a full opinion is necessary to secure and maintain uniformity of the court's decisions."
William Hill, an international betting company, partnered with Monmouth in 2012 to turn a room at the track into a sports book. That was the year the New Jersey legislature passed the sport betting law.
"The William Hill Room has been ready for operation for more than a year now," said Joe Asher, president of William Hill US. "It's pretty clear to me that this matter is far from over. I remain convinced that legal sports betting will come to New Jersey. It's a matter of when, not if.
"There's a massive illegal sports betting market that exists, not only in New Jersey, but all across the country. The sooner that market comes out of the shadows and into the sunlight, the better off we will be."