NJ State Sen. Lesniak on Sportsbooks in AC
NJ State Senator Raymond Lesniak (D) joins SBR news correspondent Natalie Rydström for an exclusive interview discussing the recent breaking news out of New Jersey regarding sports betting licenses. Earlier today, SBR reported that New Jersey plans to issue the first batch of sportsbook licenses to Atlantic City casino and racetrack operators by January 9th, 2013.
New Jersey has moved full steam ahead with their plans to offer sportsbooks in Atlantic City casinos since Senator Lesniak's May 31st interview with SBR, where he discussed New Jersey's plans to challenge federal law outlawing sportsbooks in all but four states. The law, The Professional and Amateur Sports Protection Act of 1992 ("PASPA"), limits sportsbetting nationwide in all states except Nevada, Oregon, Delaware and Montana.
As a result of New Jersey's sports betting plans, NCAA Executive VP Mark Lewis scratched NJ as the venue for five NCAA championships next year. Senator Lesniak had the following to say: "One weekend at our casinos and racetracks will bring in much more revenue than those championships that the NCAA pulled from us. Once we get sports betting, other states will follow suit, and when that happens the only place the NCAA will be able to have their championships is in the state of Utah, and I don't think they want to do that."
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