New Jersey sports betting licenses expected in January

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Say what you will about New Jersey Gov. Chris Christie, the man keeps his word. Dominating the wire today are reports that New Jersey plans to offer sports betting licenses as early as January 9th, 2013. As expected this is already ruffling the feathers of sports league executives, the first of which is NCAA Executive VP Mark Lewis, who announced Monday that the NCAA would no longer use New Jersey as the venue for five events scheduled for 2013.

"Maintaining the integrity of sports and protecting student-athlete well-being are at the bedrock of the NCAA's mission, and are reflected in our policies prohibiting the hosting of our championships in states that provide for single game sports wagering," -NCAA Executive VP Mark Lewis.

On May 25th, 2012, reported that NJ Gov. Chris Christie was not bluffing on sports betting. During that time, Christie peered into his magic 8-ball, as he correctly forecasted that legal action would be taken to attempt to stop New Jersey: "Am I expecting there may be legal action taken against us to try to prevent it? Yes. But I have every confidence we're going to be successful. "

Indeed there was action taken, as the NCAA and the four major pro sports leagues filed a federal lawsuit in Trenton on Tuesday August 7th.

Under current federal law, the Professional and Amateur Sports Protection Act of 1992, sports betting nationwide is outlawed with the exception of Nevada, Delaware, Oregon, and Montana. Nevada is the single largest beneficiary under PASPA; Delaware has limited sports wagering in their B&M establishments.

SportsbookReview will update this report.

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