The major sports leagues should know by Friday whether they’ll be allowed to challenge New Jersey’s pending legalization of sports betting in court.
Judge Michael A. Shipp said he’ll issue a written ruling by Friday on whether the four major professional sports leagues and the National Collegiate Athletic Association have standing to sue New Jersey over its implementation of sports betting.
A 20-year-old federal law currently bans sports betting in all but four states, but a law signed in January by Gov. Chris Christie would defy that ban. State officials see legalized sports betting as a critical potential revenue stream for the state’s struggling gaming and horse racing industries.
Source: NJBiz. Read full article. (link)