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New Jersey Senator Challenges Federal Sports Betting Ban
TRENTON, New Jersey -- As reported by The Philadelphia Inquirer: "A state senator, seeing the potential for increased revenues and economic activity, filed a lawsuit yesterday aiming to overturn
a federal ban on sports betting in most states, including New Jersey.
"If successful, the suit would let every state decide whether to allow sports gambling.
"State. Sen. Raymond Lesniak (D., Union) envisions a change that would bring up to $100 million to state coffers in taxes, generate billions in betting, spark economic activity, and throw lifelines to casinos and the horse-racing industry.
"...He said the Professional and Amateur Sports Protection Act, under which only four states are permitted to have sports gambling, 'blatantly discriminates' against other states.
"...A study funded by the Interactive Media Entertainment and Gaming Association, which joined Lesniak as a plaintiff, estimated that sports betting could become a $10 billion-a-year industry in New Jersey by 2011. The group's chief executive, Joe Brennan Jr., said taxes and fees from that gambling could bring $100 million a year to state coffers..."