New Jersey Loses Sports Betting Appeal
New Jersey has suffered another setback in its quest to legalise sports betting after a federal appeals court ruled that the state can’t go against a 1992 law that limits sports bookmaking to four other states.
In response the state’s governor, Chris Christie, has promised that he will appeal to the U.S. Supreme Court.
The state’s voters and lawmakers approved sports betting in 2011 and Christie had hoped to already be issuing sports betting licences.
The additional revenue, as much as $1.3 billion a year, could help boost the state’s casinos and racetracks. Since 2006 casinos in Atlantic City have lost 15,000 jobs and are down $2 billion a year in revenues.
The state has two major opponents to sports betting, the federal government and the major sports leagues.
The government says that New Jersey missed the opportunity in 1992 when it passed on the option to become one of the states which offered sports betting. The sports leagues are worried that any expansion of sports betting will threaten the integrity of the games.
Christie has no choice but to take the case to the Supreme Court as his state urgently needs the additional tax revenue.