N.J. Gov. Corzine says allowing sports betting in just 4 states unfair

[clevfan]

Friday, June 5, 2009,

N.J. Gov. Corzine says allowing sports betting in just 4 states unfair

Philadelphia Business Journal - by Athena D. Meritt Staff Writer


Faced with the threat of Delaware’s reactivation of sports betting, New Jersey Gov. Jon S. Corzine is now seeking to join a federal lawsuit that would make the industry legal in the state of New Jersey and 46 others.

Delaware signed legislation into law last month legalizing sports betting, which under a federal law in 1992 was banned in all but four states (Delaware, Nevada, Montana and Oregon.)

“Delaware’s entry into sports wagering and table games is a serious threat to both the casino and horse racing industries in New Jersey,” Corzine said. “We must do everything in our power to stay competitive. We simply cannot afford to sit back and let neighboring states press an unfair advantage against us anytime, and certainly not in the midst of this global economic crisis.”

Corzine plans to join a lawsuit filed in March by Sen. Raymond Lesniak, D-Union, which seeks to overturn the federal ban.

“The federal government’s prohibition on sports betting for some but not all states is fundamentally unfair,” Corzine said. “There should be uniformity in the application of federal law. If one state is allowed to legalize betting on sports events, all states should be allowed the same opportunity.”

The industry, if legalized, could bring in as much as $10 billion annually for New Jersey and could generate $100 million in revenue, by some estimates, the Governor’s Office reported.

The reactivation of sports betting in Delaware, which last had it in the 1970s, is expected to generate $50 million in revenue, helping to fill a projected $750 million or more budget shortfall next fiscal year.

Sports betting is expected to begin by fall in Delaware, whose three racinos would become the only venues east of the Mississippi River with legal sports betting.

[clevfan]

VAN DREW WELCOMES CORZINE TO SPORTS BETTING LAWSUIT

Says Pushing Legislation May Move Legal Proceedings Quicker

By Jason Butkowski
politickernj.com

TRENTON – Senator Jeff Van Drew, D-Cape May, Cumberland and Atlantic, issued the following statement regarding Governor Corzine’s announcement that he will be joining in the legal effort to overturn the federal ban on sports betting, and called on legislative leaders to move sports betting legislation in New Jersey to speed up the legal proceedings:

“I applaud Governor Corzine for lending his support to legal efforts, led by Senator Ray Lesniak and myself, to overturn the federal ban on sports betting. New Jersey’s gaming industry, and the larger tourism sector that depends on the vitality of that industry, cannot afford to fall behind other states in the nation when it comes to a legalized sports book.

“While I think Senator Lesniak will ultimately be successful in arguing the unconstitutionality of the federal sports betting ban, I think now is the perfect time for New Jersey to make a statement right here within our own borders that we won’t let our casinos become uncompetitive and obsolete when compared to gaming establishments in Delaware, Pennsylvania and New York.
“During the last three legislative sessions, I’ve sponsored bills to legalize sports betting in New Jersey, regardless of the federal ban. That legislation has passed the Assembly this session, but remains stalled in the Senate.

“Today, I’d like to call on Senate President Codey to post the bill, so we can jump-start the discussion of legalized sports betting within the Garden State.

“Posting the bill is a calculated risk. If Senator Lesniak is successful in court, we want to have the legislative framework ready, so we can begin legal sports wagering at our State’s casinos as soon as possible.

“However, if the bill moves through the Legislature and becomes law before Senator Lesniak ultimately wins in court, our efforts to implement legal sports betting would most likely garner a court challenge – giving us another opportunity to weigh the constitutionality of the federal ban in court, and hopefully, speeding up the process in terms of deliberation of Senator Lesniak’s suit.

“Delaware’s recent law legalizing sports betting is a threat to the economic viability of Atlantic City’s casinos. Expanded gaming in our neighboring states of Pennsylvania and New York continues that threat. While we’ve recently seen some good news in terms of Atlantic City’s employment numbers going up, we cannot be complacent with minimal gains in a dangerous economy.

“We need sports betting now, in order to keep Atlantic City as the premier gaming destination in the North East. Moving legislation to advance sports betting in the State will help our efforts on all fronts to overturn the federal ban and keep our casino industry performing as a major economic engine of the South Jersey region.”

[Dell Dude]

So is the NCAA going to threaten to not hold playoff games in New Jersey now? Pretty soon all championships every sport will take place in Utah. Lmfao.

[Total Square]

Originally Posted by Dell Dude

So is the NCAA going to threaten to not hold playoff games in New Jersey now? Pretty soon all championships every sport will take place in Utah. Lmfao.

always knew you would come up with a worthwhile post at least once in this lifetime

[stevo]

Other states won't want to miss out.

Seems these guys finally realized they can't stop it

[howid]

nice to see states fighting for sports gambling.

[nino brown]

a few days late and many hyperinflated dollars short

[clevfan]

Van Drew Welcomes Corzine to Sports Betting Lawsuit

By Cape May Herald Staff

PRESS RELEASE FROM SEN. JEFF VAN DREW:

Says Pushing Legislation May Move Legal Proceedings Quicker

TRENTON – Senator Jeff Van Drew, D-Cape May, Cumberland and Atlantic, issued the following statement regarding Governor Corzine’s announcement that he will be joining in the legal effort to overturn the federal ban on sports betting, and called on legislative leaders to move sports betting legislation in New Jersey to speed up the legal proceedings:

“I applaud Governor Corzine for lending his support to legal efforts, led by Senator Ray Lesniak and myself, to overturn the federal ban on sports betting. New Jersey’s gaming industry, and the larger tourism sector that depends on the vitality of that industry, cannot afford to fall behind other states in the nation when it comes to a legalized sports book.

“While I think Senator Lesniak will ultimately be successful in arguing the unconstitutionality of the federal sports betting ban, I think now is the perfect time for New Jersey to make a statement right here within our own borders that we won’t let our casinos become uncompetitive and obsolete when compared to gaming establishments in Delaware, Pennsylvania and New York.

“During the last three legislative sessions, I’ve sponsored bills to legalize sports betting in New Jersey, regardless of the federal ban. That legislation has passed the Assembly this session, but remains stalled in the Senate.

“Today, I’d like to call on Senate President Codey to post the bill, so we can jump-start the discussion of legalized sports betting within the Garden State.

“Posting the bill is a calculated risk. If Senator Lesniak is successful in court, we want to have the legislative framework ready, so we can begin legal sports wagering at our State’s casinos as soon as possible.

“However, if the bill moves through the Legislature and becomes law before Senator Lesniak ultimately wins in court, our efforts to implement legal sports betting would most likely garner a court challenge – giving us another opportunity to weigh the constitutionality of the federal ban in court, and hopefully, speeding up the process in terms of deliberation of Senator Lesniak’s suit.

“Delaware’s recent law legalizing sports betting is a threat to the economic viability of Atlantic City’s casinos. Expanded gaming in our neighboring states of Pennsylvania and New York continues that threat. While we’ve recently seen some good news in terms of Atlantic City’s employment numbers going up, we cannot be complacent with minimal gains in a dangerous economy.

“We need sports betting now, in order to keep Atlantic City as the premier gaming destination in the North East. Moving legislation to advance sports betting in the State will help our efforts on all fronts to overturn the federal ban and keep our casino industry performing as a major economic engine of the South Jersey region.”

[Juice]

Originally Posted by stevo

Other states won't want to miss out.

Seems these guys finally realized they can't stop it

Exactly.

Its either legalize sports betting or marijuna for the extra cash thats needed.
I say both.

I also say this. The offshores would become bigger than ever. A vast generation of I want to be a Jr wise guy class would emerge instantly and the only way they could do it effectivly/efficiently is thru the offshores.