NJ Legalized Online Betting Faces Challenge from Sports Leagues

What's the point of sports without betting?

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.