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New Jersey Faces Key Hearing Over Sports Betting

This December new Jersey Gov. Chris Christie’s bid to bring sports wagering to Atlantic City casinos will face an important test in a federal court in Trenton.

This December new Jersey Gov. Chris Christie’s bid to bring sports wagering to Atlantic City casinos will face an important test in a federal court in Trenton.

At present the hearing is set for December 18th but it could easily change depending on the effects of Election Day.

While Christie is extremely assertive with his arguments that the change would serve the best interests of the state, it is the first time that the commercial gaming industry has ever really pushed in this direction and as such it is an extremely important trial.

The elections are one factor which could hugely affect the outcome of the case. It is believed that the Obama administration has no interest in opposing New Jersey’s attempt to add sports betting to the city’s gaming options, however, Mitt Romney is known to be against the expansion of gambling.

However, it is the sports leagues that are taking New Jersey to court. New Jersey is arguing that the leagues’ opposition is unconstitutional as Congress was wrong to approve legislation that allowed the leagues to have a standing for such courtroom encounters.

New Jersey had an opportunity to legalise betting in 1992 when lawmakers gave the leagues the right to contest violations of the Professional and Amateur Sports Protection Act.

 

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.

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