Monday, March 16, 2009

$100 on Giants to Win

From today's NJ Lawyer Daily Briefing:
"Democratic Senator Raymond Lesniak has announced his intention to sue the federal government to overturn a 17-year-old ban on sports betting, saying it would serve as another source of cash for New Jersey at a time when Atlantic City revenues are on a steep decline. The suit, to be filed within the next two weeks, would challenge the Professional and Amateur Sports Protection Act of 1992, which prevents all but four states from legalizing sports betting. Lesniak seeks to allow state-regulated sports betting in Atlantic City's casinos, at the state's three horseracing tracks and at off-track betting locations. He says that New Jersey could generate as much as $100 million annually for the state budget."

I never really understood why you could bet on horses but not on people. I mean really - its not like the horses are running all by themselves -- there are people involved. Can't wait to see what people have to say about this though -- I imagine the puritanical folks will come out of the woodwork on this one. Then again - the State is so broke, it might just pass through without too much argument.

No comments: