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-   -   NJ Sports gambling bill (http://www.derbytrail.com/forums/showthread.php?t=29578)

jwkniska 05-08-2009 10:38 AM

NJ Sports gambling bill
 
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 05-08-2009 11:01 AM

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 05-08-2009 11:04 AM

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.

jwkniska 05-08-2009 11:06 AM

Quote:

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.

philcski 05-08-2009 11:21 AM

Quote:

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 05-08-2009 11:54 AM

Bring it on

tector 05-08-2009 12:19 PM

Quote:

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 05-08-2009 12:42 PM

Quote:

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 05-08-2009 01:18 PM

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:

Quote:

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.

philcski 05-08-2009 01:22 PM

Quote:

Originally Posted by 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:



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.

Original poster corrected himself- ESPN article was, in fact, referencing the vote in Delaware (which I should have realized since there's more than 34 members of the house in NJ.) Don't disagree that they really missed the boat in '92, however.

Good article from the TO Star, but factually incorrect- you can in fact bet UNLV and UNR games in Vegas, this was changed about 8-10 years ago.

tector 05-08-2009 01:28 PM

OK, so we've got this--both are going for it, but NJ is really behind the 8-ball legally. Good luck to Delaware, however!

On these items we can agree, yes?

moses 05-08-2009 04:35 PM

Quote:

Originally Posted by tector
OK, so we've got this--both are going for it, but NJ is really behind the 8-ball legally. Good luck to Delaware, however!

On these items we can agree, yes?

You pretty much nailed it by saying that NJ screwed the pooch when it had the option and denied it. Even though NJ has some hurdles, from what I've heard, NJ will be having sports betting in the future. It's just a matter of time and energy before it gets done.

tector 05-08-2009 10:42 PM

Quote:

Originally Posted by moses
You pretty much nailed it by saying that NJ screwed the pooch when it had the option and denied it. Even though NJ has some hurdles, from what I've heard, NJ will be having sports betting in the future. It's just a matter of time and energy before it gets done.

And Con Law.

moses 05-09-2009 10:54 AM

Quote:

Originally Posted by tector
And Con Law.

Well, there are Congressmen currently trying to reduce anti-gambling laws in the U.S. Congress (Barney Frank trying to get online gambling restrictions eliminated.) If that passes, I would have to think there would be a strong possibility of the loosening of the PASPA restrictions.

tector 05-10-2009 01:17 PM

Please let me accept your wager on that belief.

moses 05-11-2009 12:57 AM

Quote:

Originally Posted by tector
Please let me accept your wager on that belief.

On which belief? I firmly believe NJ will have sports betting some time in the future. I just don't know when.


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