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Will New Jersey benefit from sports wagering?

Atlantic City NJ
Atlantic City NJ

[symple_spacing size=”80″]Will the repeal of laws prohibiting wagering on professional, collegiate and amateur sports help the New Jersey economy?  Senator Lesniak thinks so and Governor Christie must also since he signed it into law.  It means you can make wagers in any Atlantic City casino or at a horse racing track in the State of New Jersey, if and when any one of these venues makes it available.  And of course assuming that the professional and collegiate sports organizations that are now suing to prevent wagering are not successful.

Let us all assume that you can make a wager, what will it do for you as a citizen of this state.  Well it will most likely put a large number of bookmakers out of business and generate revenue for the state that up until now was lost to organized crime.  But, will it save horse racing and/or the Atlantic City casinos?  Who knows what will happen, but what is assumed is that the State of New Jersey will prevail in court and prevent a temporary restraining order from being issued.  After all senate bill S2460 is designed with what the United States Court of Appeals for the Third Circuit said that New Jersey could do.

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