NewsLo
NewsLo
  • Home
  • Business
    • Accounting
    • Advertising
    • Branding
    • Career
    • Cyber Security
    • Entrepreneur
    • Jobs
    • Management
    • Marketing
    • Non Profit
    • Sales
    • Search Engine Optimization
    • Web Design
  • Finance
    • Banking
    • Bankruptcy
    • Budgeting
    • Credit
    • Debt
    • Estate Wills & Trusts
    • Home Improvements
    • Law
    • Loans
    • Personal Finance
    • Taxes
    • Shopping
  • Investment
    • Crypto Currency
    • Gold & Silver
    • Hard Assets
    • Real Estate
    • Retirement
    • Stocks & Bonds
    • Trading
  • Real Estate
    • Buying
    • Selling
    • Commercial Construction
    • Construction Law
    • Home Improvement
    • Loans
    • Property Management
    • Real Estate Laws
    • Rental Property
  • Insurance
    • Auto Insurance
    • Commercial Real Estate Insurance
    • Crop Insurance
    • Dental Insurance
    • Disability Insurance
    • Health Insurance
    • Home Owners Insurance
    • Identity Theft Protection
    • Insurance Law
    • Investment Insurance
    • Life Insurance
    • Pet Insurance
    • Renters Insurance
  • Contact Us
  • Sports

GUEST POST: New Jersey’s Sports Betting Lawsuit

  • January 22, 2014
  • NewsLo
  • No comments
  • 3 minute read
Total
0
Shares
0
0
0

Will the odds be ever in their favor?

At this point in time, New Jersey’s fight for sports betting legalization in the state might just as well be compared to the Brooklyn Nets’ frustrating season, however, the final uproar lies with the US Supreme Court, and the whole shenanigan is far from over. If the state is Nets coach Jason Kidd, their players are hotshot lawyers: Gibson, Dunn & Crutcher, the prominent law firm hired by Gov. Chris Christie’s administration to represent the state. New Jersey news site NJ.com said that the law firm has already put in a total of more than 4,300 hours (over a million dollars worth of professional fees), and roughly $180,000 were spent on research, travel, and other miscellaneous fees on top of this. Former Solicitor General Theodore Olson, Harvard Law Review editor Robert E. Johnson and Eugene Scalia (whose father is U.S. Supreme Court Justice Antonin Scalia) worked a lot of billable hours in this case.

Following the State’s Motto: Liberty and Prosperity
So why, exactly, is the state so keen on pushing sports betting’s legalization? Sen. Raymond Lezniak said that this is because it will be a great investment, since the value of a victory is priceless. It’s bound to be a billion-dollar industry, generating much needed revenue for the state while at the same time providing jobs for NJ citizens. An analyst stated that an annual income of $100 million will likely be produced with this venture, if odds will ever be in New Jersey’s favor. A win will also make a huge impact on the resume of Gov. Chris Christie, who’s currently projected by Betfair as a Republican favorite, with a 5.4 rating. The governor, backed up by the Legislature, is challenging the prohibition of the Federal Law of allowing sports event betting, with the hope that the US Supreme Court will decide in their favor. The people of NJ are also behind the governor.

A Call to Professional Sporting Arms
Pundits also reinforce the state’s claim of having a long and celebrated history when it comes to professional sports teams and sports in general. Even with the change of address of the former New Jersey Nets to Brooklyn, they still house two of the most polarizing NFL teams in the New York Jets and New York Giants, loyally cheer for a rebuilding NHL franchise in the New Jersey Devils, and passionately chant for the defending Supporters’ Shield winners, the New York Red Bulls of the MLS. Now by putting everything into perspective, all signs should lead to a logical decision of legalizing sports betting in New Jersey.

The Thing is…
It’s currently hard to predict the outcome of this gamble by New Jersey, and George Amick of the Times said that chances look dim. This is because of two reasons: first, Congress doesn’t seem too keen in passing “essential” legislation—how much more something of this nature? Second, Majority Leader Harry Reid of Nevada is “guarding” the gates of the Senate—the democrat just might not welcome the idea of sharing his state’s monopoly on sports betting. However, if the US Supreme Court doesn’t take cognizance of the case, NJ may still appeal to Congress that the Professional and Amateur Sports Protection Act (PASPA) Law be repealed.

Total
0
Shares
Share 0
Tweet 0
Pin it 0
NewsLo

Previous Article
New Arizona Law Protects Christians Above All Else 1
  • US

New Arizona Law Protects Christians Above All Else

  • January 21, 2014
  • NewsLo
View Post
Next Article
Tanaka Celebrates $155 Million Yankees Deal with Sushi and Steroids Party 2
  • Sports
  • Today's Headlines

Tanaka Celebrates $155 Million Yankees Deal with Sushi and Steroids Party

  • January 22, 2014
  • NewsLo
View Post
You May Also Like
Sports Broadcasting
View Post
  • Media
  • Sports

Sports Broadcasting – Its popularity and Impact in South Korea

  • NewsLo
  • February 4, 2020
Conway Calls To Prohibit Golden State From Winning The Championship Unless They Come Celebrate In The White House “Like The Law Says” 3
View Post
  • Featured
  • Sports
  • Sports Feature

Conway Calls To Prohibit Golden State From Winning The Championship Unless They Come Celebrate In The White House “Like The Law Says”

  • NewsLo
  • June 13, 2017
Russell Westbrook To Launch New Social Network Named “WestBook” Intended “Only For Extraordinary People” 4
View Post
  • Sports
  • Featured
  • Sports Feature

Russell Westbrook To Launch New Social Network Named “WestBook” Intended “Only For Extraordinary People”

  • NewsLo
  • March 17, 2017
Fiorina Compares Trump To Shaquille O’Neal: “Impossible To Hate Him Because He Beat The Black Mamba” 5
View Post
  • Sports
  • Latest Lies
  • Politics
  • Sports Feature

Fiorina Compares Trump To Shaquille O’Neal: “Impossible To Hate Him Because He Beat The Black Mamba”

  • NewsLo
  • December 12, 2016
Rep. Lee Zeldin: “Decades Of Peace Ended When Colin Kaepernick Invited These Muslim Terrorists Back To The U.S.” 6
View Post
  • Featured
  • Sports
  • Sports Feature

Rep. Lee Zeldin: “Decades Of Peace Ended When Colin Kaepernick Invited These Muslim Terrorists Back To The U.S.”

  • NewsLo
  • September 19, 2016
ESPN Paul Finebaum: “We Let Black People Participate In Our Sports, But Now They Think They Own Them” 7
View Post
  • Sports
  • Featured
  • Sports Feature

ESPN Paul Finebaum: “We Let Black People Participate In Our Sports, But Now They Think They Own Them”

  • NewsLo
  • September 1, 2016
Pastor Swanson: “Team USA Women’s Basketball Gold Medal Doesn’t Count Because They’re All Lesbians” 8
View Post
  • Featured
  • Latest Lies
  • Sports
  • Sports Feature

Pastor Swanson: “Team USA Women’s Basketball Gold Medal Doesn’t Count Because They’re All Lesbians”

  • NewsLo
  • August 20, 2016
NRA Calls To Boycott NBA: “Those Black Players Think They Can Shoot Better Than Us White Guys” 9
View Post
  • Featured
  • Sports
  • Sports Feature

NRA Calls To Boycott NBA: “Those Black Players Think They Can Shoot Better Than Us White Guys”

  • NewsLo
  • December 27, 2015

Leave a Reply Cancel reply

You must be logged in to post a comment.

NewsLo
  • Today’s Headlines
  • Featured
  • US
  • Politics
  • World
  • Media
  • Sports
  • Privacy Policy

Input your search keywords and press Enter.