Federal Appeals Court Agrees To Reconsider New Jersey's Sports Betting CaseGarden Scores A Big Win In Years-Long Quest For Sports Books |
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The full 3rd Circuit Court of Appeals in Philadelphia will reconsider an August ruling that went against New Jersey’s fight to establish a sports betting industry.
According to the Associated Press, the Garden State requested the case to be reheard because of what it sees as conflicting opinions in 2013 and in August. Last month, the major sports leagues and the NCAA challenged New Jersey’s attempt to prolong the case.
The two sides have been fighting in court for more than three years.
The U.S. Supreme Court has already declined to hear the case, which centers on a 1992 law called the Professional and Amateur Sports Protection Act that limited sports betting to just a handful of states. Nevada is the only one that has implemented sports books.
Sports betting is big business in the Silver State. In 2014, gamblers in Nevada bet an all-time high of $3.9 billion on sports, an increase of 7.7 percent over 2013. A total of $227 million was won by the sports books on those wagers. According to the American Gaming Association, Americans bet at least $140 billion on sports illegally each year.
In addition to its online gaming industry, sports betting is seen as a way to help struggling Atlantic City casinos. A handful closed last year and the fate of shuttered Revel, the most expensive casino in the city’s history, could hinge on sports betting binge authorized, New Jersey Sen. Ray Lesniak told Card Player.
New Jersey passed a law to legalize sports betting but it ran into problems with the federal law that the leagues and the NCAA have been using to try to block the sports books.
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