Trump’s reelection betting odds dropping amid pandemic handling

President Trump was considered a lock for reelection by odds makers for the last several months.  After the chaos of the COVID-19 pandemic this week, gamblers now consider the 2020 presidential election a toss up between Trump and former Vice President Joe Biden, according to sportsbetting.ag

Last week the odds of Trump being reelected were -200, meaning a $20 bet would return only $10 if the President wins on November 3.  The odds are -11o today, meaning an $11 bet will return $10 if Trump gets another term. Read the rest of this entry »

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Murphy could hold sports betting bill as a chip to play in budget negotiations

The William Hill Sports Race & Sports Book at Monmouth Park in Oceanport, New Jersey. Photo By Bill Denver/EQUI-PHOTO.

Dennis Drazin and his partners at Monmouth Park were ready to accept sports bets on Memorial Day weekend.  They wisely didn’t after Senate President Steve Sweeney announced he was inserting a provision in the state legislation regulating sports betting that would prohibit anyone who took bets before the regulations were passed from getting a license.

Sweeney was looking out for the Atlantic City Casinos who weren’t ready to take bets yet.   In the meantime, Delaware passed their spots betting regulations and bets will start being taken there today.  New Jersey loses out again.

What was considered a two or three week delay while legislation was passed now threatens to deprive New Jersey’s racetracks and casinos of sports betting revenue, and the related jobs, for a third or more of their summer season.  According to a report on Politico, Governor Murphy is prepared to hold the sports betting bill as a chip to play as he negotiates his first state budget with the more moderate Sweeney and Assembly Speaker Craig Coughlin.

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U.S. Supreme Court Overturns Sports Betting Ban

The U.S. Supreme Court today issued a decision overturning the federal ban on sports betting outside of Las Vegas, Nevada.

The Opinion in Murphy, Governor of New Jersey, et al v National Collegiate Athletic Association, et al , overturns the Professional and Amateur Sports Protection Act (PASPA) of 1992 and allows states to set their own rules for sport betting. Read the rest of this entry »

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Did U.S. Supreme Court just boost hopes for N.J. sports betting?

TRENTON — The U.S. Supreme Court on Tuesday gave new hope to New Jersey’s years-long effort to legalize sports betting — and to the prospect that such wagering could soon be allowed throughout the country under incoming President Donald Trump. In an unexpected move, the nation’s highest court delayed issuing a decision on whether it will… Read the rest of this entry »

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N.J. loses again in quest to bring sports betting to state

WASHINGTON — A federal appeals court on Tuesday threw out New Jersey’s sports betting law, once again blocking the state from expanding its gambling options to augment Atlantic City and the horse-racing industry. The Third Circuit Court of Appeals in Philadelphia ruled that the state’s law violated a 1992 federal ban on sports betting, the Associated… Read the rest of this entry »

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NJ relies on appeal to clear way for sports betting

HACKENSACK, N.J. — With a federal judge once again blocking New Jersey’s latest attempt to allow sports betting, state officials are focusing their efforts on an federal appeals court where they expect to have much better odds of prevailing. Other proponents are setting their sights on a broader goal: getting Congress to revisit the 22-year-old federal… Read the rest of this entry »

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NJ sports betting ban upheld by federal judge

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Judge issues restraining order on N.J. sports betting

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Gov. Christie signs revised N.J. sports betting bill

New Jersey Governor Christie on Friday signed a revised sports betting bill, and Monmouth Park officials almost simultaneously said they would offer betting on National Football League games at the horse track on Oct. 26. “The Governor’s signature on S2460 earlier today is a wire-to-wire winner for horse racing, the gaming industry and the people of… Read the rest of this entry »

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Kyrillos and Lesniak Fast Track Sports Betting Legislation

Sen. Joe Kyrillos

Senators Joe Kyrillos (R-Monmouth) and Ray Lesniak have teamed up to sponsor legislation that will counter the professional sports leagues latest attempts to block sports betting in New Jersey.

The bill, which will be introduced during the Senate’s next session, would explicitly abolish language in state law that prohibits sports betting, a move that would reinforce the state attorney general’s effort to lift the injunction preventing the state from moving forward on plans to allow casinos and racetracks to accept wagers on sporting events. The measure would also prohibit the transport of sports-betting equipment across state lines and set an age requirement of 21 years old.

Last month acting Attorney General John Hoffman issued a directive that instructed law enforcement not to prosecute sports betting at racetracks and casinos.  The Christie Administration asked U. S. District Judge Michael Shipp to rule that New Jersey is not violating federal law by decriminalizing sports betting  and allowing private entities to operate and regulate the betting.

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