New Sports Betting Bill Introduced in America

Published Saturday, January 24, 2015 - Online-Casinos.com
New Sports Betting Bill Introduced in America

Atlantic City New Jersey has been struggling to maintain a hold on a balanced budget and even with the introduction of online gambling it has not been restored to its former glory. Online sports betting is not allowed in New Jersey although there have been numerous efforts to have it introduced which have all failed in the courts. With casinos in Atlantic City closing at an alarming rate and gambling revenue in decline for a number of years New Jersey Representatives Frank LoBiondo and Frank Pallone have introduced new legislation to legalise sports betting in New Jersey and eventually across the nation.

Pallone’s proposed legislation would exempt the state from the federal prohibition on sports betting. LoBiondo’s law would introduce a four-year opportunity window which would allow every US state to introduce legislation for professional and amateur sports betting.

LoBiondo commented on the situation in the Garden State, “Increasing competition from neighbouring states and the proliferation of off-the-books betting has left Atlantic City’s gaming operations at a disadvantage,” LoBiondo  added, “Sports-betting can help give our famed resort town a hand up.” There is a need to change the sports betting laws in America and the intense debate on the issue still rages on in many quarters in the States.

Statistics have revealed New Jersey experienced a total gaming win decline of 4.5% on the previous year. The NFL national football league, NBA basketball league, NHL hockey league and MLB baseball league have all launched a legal suit against any proposed bill. There are other organizations that have voiced their opposition to any changes in sports betting laws in the USA such as the National Collegiate Athletic Association. US District Court Judge Michael Shipp recently ruled in favour of the opposing organizations and squashed a previous attempt to legalize sports betting in New Jersey. American Gaming Association president and CEO Geoff Freeman commented, “The AGA is closely examining the current state of sports betting, the laws that govern it and the best way forward for the gaming industry.”

 

 

 

Related news

Return to Latest News