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.
Source: http://reason.com/24-7/2012/12/18/nj-legalized-online-betting-faces-challe
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