Hooligans Sportsbook

VOTE YES NOV. 8TH IN NJ!!!

  • Start date •
  • Replies
    31 Replies •
  • Views 2,383 Views
Follow
I have never been excited about legalized sports gambling passing in NJ, but this time it has a VERY good chance of passing. Many people I know in NJ expect this to go into effect within the next 3 years. With the Revel opening in AC this summer, I can see AC having a small resurgence in the next 5 years.
 
Update today!

NEWJERSEYNEWSROOM.COM

Legislation which will allow licensed Atlantic City casinos and New Jersey racetracks to take bets on professional and collegiate sporting events was signed into law Wednesday by Gov. Chris Christie.

The new law (S-3113), will allow people over the age of 21 to place a bet on a sporting event in-person at special lounges created in casinos, racetracks or at the site of a former racetrack. The law does not permit bets to be placed on college games that take place in New Jersey or on any game in which a New Jersey college team participates, regardless of where it takes place. place. That means no betting would be permitted on Rutgers, Seton Hall or Princeton games.

The legislation follows a November ballot referendum which amended the state constitution to authorize the Legislature to enact laws allowing sports wagering at Atlantic City casinos and at horse racetracks. The ballot question passed by nearly a 2-1 margin.

“With the governor’s signature, we’re now in a position to move forward with well-regulated sports betting in the Garden State,” Sen. Raymond J. Lesniak (D-Union), a co-sponsor, said. “We’re moving ahead despite an unfair and arbitrary federal ban which gives four states an unfair advantage while giving a boost to sports books operated by organized crime and offshore operators everywhere else. Through this legislation, we can successfully challenge the federal ban on sports wagering, and get to work creating jobs and economic activity that will be the result of legal sports wagering in New Jersey.”

Club CalNeva, a Las Vegas-based company which operates over 30 sports books and handles billions of dollars in bets, estimates that sports betting will bring in, annually, $1.3 billion in sports wagering gross revenues and $120 million in tax revenues for New Jersey. It is also estimated that sports wagering could create thousands of new jobs for New Jersey residents.

Lesniak and Sen. Jeff Van Drew (D-Cape May), a co-sponsor, acknowledge that the new law conflicts with existing federal law which prohibits sports wagering outside of Nevada, Delaware, Oregon and Montana. The Professional and Amateur Sports Protection Act of 1992 allowed states which already had casino gambling at the time, but hadn’t already allowed sports wagering, to opt-in within one-year by passing enabling legislation. New Jersey’s legislative leaders refused to put a proposal establishing sports wagering up for a vote before the deadline lapsed.

Now that the bill is law, the state must file suit against the federal government, stating that the federal ban violates the 5th, 10th and 14th amendments to the U.S. Constitution, as well as the Commerce Clause.

Lesniak had previously sued the federal government on behalf of the people of New Jersey, but the suit was dismissed on the grounds that sports wagering was not legal in the state and that overturning the national ban would have no impact on the state. With New Jersey legalizing sports wagering through referendum and subsequent enabling legislation, Lesniak’s argues his suit would have to be decided on the merits of the Constitutional argument, and he believes that the courts will ultimately rule in New Jersey’s favor.

"I’ve worked on this legislation from the start, and I’m happy to say that the day is finally here where New Jerseyans get to decide for themselves on sports wagering,” Van Drew said. “The federal ban on sports wagering notwithstanding, with the governor’s signature, Atlantic City’s casinos and New Jersey’s horse tracks will be able to collect more than a billion dollars in new, annual revenue as a result of legal sports wagering.”

“Our State’s gaming industry is struggling to stay relevant, and is facing the dual pressures of a soft global and national economy and increased out-of-state competition,” Lesniak said. “We cannot turn our backs on the billions of dollars in revenue, millions of dollars in tax revenue, and thousands of jobs which will come hand in hand with legal sports betting in New Jersey. This is about giving our casinos and racetracks a tool to compete nationwide and recovery from a drastic economic downturn.”

The bill was approved by the Legislature earlier this month.

It appears that the courts will have to make a Yes or No decision sooner than people think!
 
Sounds like it's years away yet. Good luck in court. Although, defeating the federal regulation in court would probably be bittersweet since it would intrinsically open the door for every other state to be able to compete with NJ as well.
 
MonkeyF0cker
Sounds like it's years away yet. Good luck in court. Although, defeating the federal regulation in court would probably be bittersweet since it would intrinsically open the door for every other state to be able to compete with NJ as well.
Click to expand...

MF, your probably right but NJ State Senator is giving us rosy picture of decision being made soon! Maybe he's up for reelection this Nov! And really like you said then every state (maybe not Utah) will probably get into the act!
 
kato
i would

i would rock the fuck out of that vote

66a_vote_or_die.jpg
Click to expand...

Just wanted to let you know Kato I enjoyed this a lot!!
 
Possibly our governor is pulling our chains but now this ...............

NJ Plans to Start Licensing Sports Bets in January

[video]http://abcnews.go.com/Sports/wireStory/nj-plans-start-licensing-sports-bets-january-17485864#.UH2FLjlBTR0[/video]

..... but reading below taken from article unless laws get overturned nothing happens, just what MF was stating might take place!

The state Division of Gaming Enforcement published regulations for sports betting on Monday in the New Jersey Register. That clears the way for casinos, horse-racing tracks or joint ventures involving both to apply for $50,000 sports pool licenses.

"With the publication of these regulations, New Jersey ensures effective regulation and oversight of sports wagering, consistent with its longstanding nationwide reputation for maintaining integrity and instilling public confidence in gaming operations," said David Rebuck, the division's director.

But state officials made no mention of the biggest obstacles to their plans to offer legalized sports betting: a federal law banning it in all but four states and a lawsuit in the federal courts between the state and the major professional sports leagues.

Keep the faith and if only someone like an unbiased Kato was the final decision maker!
 
I guess Mick had it right, Time is On My Side, yes it is!

And REAL wagering at Mommouth Park in 2 weeks ..... maybe, maybe not, but soon enough! RJ, you need to hook up with JJ there someday and give us another vid! Hell with 50, I send you 100 if you run around the track! If I remember right, a lone pigeon was the only other living thing there that day! CLASSIC event! :yes:
 
You must log in or register to reply here.