NJ Closer To Getting Sports Betting

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  • jjgold
    SBR Aristocracy
    • 07-20-05
    • 388179

    #1
    NJ Closer To Getting Sports Betting
    Another step was made in the process to make sports gambling at Atlantic City casinos and New Jersey racetracks legal.

    The New Jersey Senate voted 35-2 in support of the bill on Monday after a ballot question during the November election was approved by a 2-1 margin.

    Ray Lesniak, the bill’s sponsor, anticipates the Attorney General to address the bill within the next few weeks and a decision to made “within six months.”

    “Today’s legislative action represents the latest step in ensuring that the will of the people of New Jersey is expressed, and that we’re not going to sit back while Las Vegas and other gaming jurisdictions get all the benefits of an unfair and arbitrary ban on sports betting,” said Senator Lesniak, D-Union.

    “This bill would correct a decades old mistake, and would allow New Jersey to begin implementing sports wagering operations which would create new jobs, incentivize new economic activity in a recovering gaming sector, and create new tax revenues for the State.”

    The bill cites that bettors will have to be 21 years of age and games involving New Jersey college teams or any game played in New Jersey will be off limits for bettors.
  • jjgold
    SBR Aristocracy
    • 07-20-05
    • 388179

    #2
    NJ needs money

    Now I am starting to think this will pass
    Comment
    • PAULYPOKER
      BARRELED IN @ SBR!
      • 12-06-08
      • 36581

      #3
      If it does I'm moving to jersey..............
      Comment
      • sweep
        SBR Posting Legend
        • 10-09-10
        • 16753

        #4
        Lets keep our fingers crossed. Even if this bill passes the state assembly NJ will still have to launch a war in federal court to overturn the federal ban on sports betting in all but the four states that already have it.
        Comment
        • Inkwell77
          SBR MVP
          • 02-03-11
          • 3227

          #5
          Get it NJ!
          Comment
          • Deuce
            BARRELED IN @ SBR!
            • 01-12-08
            • 29843

            #6
            Detroit should take note and do this as well.
            Comment
            • LotsoCheese
              SBR High Roller
              • 04-05-11
              • 144

              #7
              When is California going to smart up and do this? All the Indian Casinos are raking in the dough.
              Comment
              • WvGambler
                SBR Posting Legend
                • 04-19-10
                • 11618

                #8
                Let's go Wv. Let's get it moving too.
                Comment
                • CarpeDime
                  SBR Hall of Famer
                  • 09-01-09
                  • 7873

                  #9
                  Originally posted by sweep
                  Lets keep our fingers crossed. Even if this bill passes the state assembly NJ will still have to launch a war in federal court to overturn the federal ban on sports betting in all but the four states that already have it.

                  In the interview we did yesterday with I. Nelson Rose, he said there are 9 states that allow forms of sports betting
                  Comment
                  • jjgold
                    SBR Aristocracy
                    • 07-20-05
                    • 388179

                    #10
                    I will be in sportsbook every Fukkin day and night picking up Fukkin broads


                    I am changing my tune about this bill
                    Comment
                    • Sdotbold
                      SBR MVP
                      • 12-24-09
                      • 1444

                      #11
                      So we wouldn't be able to bet on a giants game because it is played in NJ? Or is the ban only for college games? Is the ban just for college team from NJ or pro teams also? Not sure how to interprate that last part
                      Comment
                      • darkhat
                        SBR Hall of Famer
                        • 08-18-10
                        • 5722

                        #12
                        I would no longer have a reason to fly to vegas!
                        Comment
                        • Louisvillekid1
                          SBR Aristocracy
                          • 10-17-07
                          • 52143

                          #13
                          I would literally live in ac, oh wait I already do....

                          Comment
                          • MartinBlank
                            SBR Hall of Famer
                            • 07-20-08
                            • 8382

                            #14
                            My god, what a boon to AC this would be.

                            AC would explode---it would take back the lost gate from neighboring states overnight.
                            Comment
                            • DiggityDaggityDo
                              SBR Aristocracy
                              • 11-30-08
                              • 81450

                              #15
                              Originally posted by LotsoCheese
                              When is California going to smart up and do this? All the Indian Casinos are raking in the dough.
                              Las Vegas will no allow this.
                              Comment
                              • BrianLaverty
                                SBR MVP
                                • 07-02-07
                                • 2183

                                #16
                                I'm pretty sure if New Jersey gets this overturned.... most states will follow.
                                Comment
                                • konck
                                  SBR Posting Legend
                                  • 10-17-06
                                  • 12554

                                  #17
                                  USA is starting to realize the gaming online money could save a lot of things like SS
                                  it was just a matter of someone not fearing being shot by the underworld who uses
                                  online gaming to make billions while stealing most of it.
                                  Bout time
                                  Comment
                                  • konck
                                    SBR Posting Legend
                                    • 10-17-06
                                    • 12554

                                    #18
                                    Poker is also making a big move thanks to Obama
                                    I hope the make it legal in the US and let good
                                    companies run it...I know MGM is ready they are
                                    very invested waiting for this day I bought the
                                    MGM stock the day the news came out it was 9.50
                                    its over 11 if they get one of the first contracts and
                                    I think they will look for the 11 to go right to 30 40 or 50
                                    Comment
                                    • konck
                                      SBR Posting Legend
                                      • 10-17-06
                                      • 12554

                                      #19
                                      Man online gaming policed by a gaming commission how sweet is that
                                      Comment
                                      • Darkside Magick
                                        SBR Posting Legend
                                        • 05-28-10
                                        • 12638

                                        #20


                                        noting going to happen ....DREAMS
                                        Comment
                                        • BIGDAY
                                          SBR Aristocracy
                                          • 02-17-10
                                          • 48245

                                          #21
                                          Good news for us.
                                          Comment
                                          • jjgold
                                            SBR Aristocracy
                                            • 07-20-05
                                            • 388179

                                            #22
                                            Follow Euro and Aussie models and business would be booming
                                            Comment
                                            • Br0nxer
                                              SBR Posting Legend
                                              • 03-25-11
                                              • 13665

                                              #23
                                              still betting offshore

                                              im not driving an hour to AC

                                              only scenario where i would even consider it would be to place a large bet

                                              the lines they post might be shit -120 on everything
                                              Comment
                                              • jjgold
                                                SBR Aristocracy
                                                • 07-20-05
                                                • 388179

                                                #24
                                                Originally posted by Br0nxer
                                                still betting offshore

                                                im not driving an hour to AC

                                                only scenario where i would even consider it would be to place a large bet

                                                the lines they post might be shit -120 on everything
                                                Monmouth Park might have it also

                                                Not sure

                                                If so you wlll live their and sleep in the fukkin parking lot every fukkin night waiting for place to open
                                                Comment
                                                • robmpink
                                                  SBR Posting Legend
                                                  • 01-09-07
                                                  • 13205

                                                  #25
                                                  New jersey and you perfect together!
                                                  Comment
                                                  • Br0nxer
                                                    SBR Posting Legend
                                                    • 03-25-11
                                                    • 13665

                                                    #26
                                                    Originally posted by jjgold
                                                    Monmouth Park might have it also

                                                    Not sure

                                                    If so you wlll live their and sleep in the fukkin parking lot every fukkin night waiting for place to open
                                                    Comment
                                                    • Jaug
                                                      SBR MVP
                                                      • 01-11-09
                                                      • 3087

                                                      #27
                                                      Going to be a lot of juice with the taxes.
                                                      Comment
                                                      • Deuce
                                                        BARRELED IN @ SBR!
                                                        • 01-12-08
                                                        • 29843

                                                        #28
                                                        Originally posted by Br0nxer
                                                        Just fukkin take the truck home pal, put a fukkin mattress back there, bring some sausage and peppers, take a snooze, wake up and pound the fukk out of skulls and lines.
                                                        Comment
                                                        • Br0nxer
                                                          SBR Posting Legend
                                                          • 03-25-11
                                                          • 13665

                                                          #29
                                                          Originally posted by Deuce
                                                          Just fukkin take the truck home pal, put a fukkin mattress back there, bring some sausage and peppers, take a snooze, wake up and pound the fukk out of skulls and lines.
                                                          Comment
                                                          • Br0nxer
                                                            SBR Posting Legend
                                                            • 03-25-11
                                                            • 13665

                                                            #30
                                                            Originally posted by Jaug
                                                            Going to be a lot of juice with the taxes.


                                                            bingo. every line will be -130
                                                            Comment
                                                            • gregm
                                                              SBR MVP
                                                              • 03-14-11
                                                              • 3535

                                                              #31
                                                              Originally posted by jjgold
                                                              Monmouth Park might have it also

                                                              Not sure

                                                              If so you wlll live their and sleep in the fukkin parking lot every fukkin night waiting for place to open
                                                              Why. If it is because people dont trust having large amount of money in offshore that might be one thing but Atlantic City is really dull compared to vegas for most people, most people rarely leave their hotel and casino.

                                                              You would really need some big investment into Atlantic city before it will turn around. I hope this happens and it would be great but from what I have read I dont think sports gambling alone will really transform Atlantic city, sportsbooks in vegas are not exactly what keeps vegas alight, they are little more than 1 percent of the casinos yearly revenue compared to the pits and shows and clubs.

                                                              They are like ghost towns except on major sporting events. They had a great article this year on william hills growing influence and the small influence sports gambling has traditioanlly had in vegas. http://www.lasvegassun.com/news/2011...betting-style/
                                                              Most sportsbooks dont even have drink tickets anymore. Adding sports gambling isnt going to change Atlantic City, you need a major overhaul of the city and the gambling areas.

                                                              I hope this passes and New Jersey is smart to have this on the table and kudos to Lesniak. At the very least , I hope we can get some nicer places to watch horse racing from all this.
                                                              Comment
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