Federal appeals court rejects Latest Bid for Legal Sports Wagering

Sports betting TRENTON — New Jersey’s four-year bid to legalize sports betting has been dealt another blow — though the fight isn’t likely to end soon. A federal appeals courts said Tuesday that the state’s most recent bid to allow casinos and racetracks to offer wagering on sports games still violates a 23-year-old federal prohibition on sports betting… [Read more…]

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 more…]

Is Sports Betting a Game of Skill?

Sports bettingFamed Las Vegas gambler Billy Walters shared his opinion on the issue of legalizing both poker and sports betting.

“I used to be a professional poker player,” Walters said, “and, they’re right, if you’re a good poker player, it’s a game of skill. Well, betting sports is much more of a game of skill than poker. I’m living proof that betting sports is a game of skill. I’ve won 37 years in a row. If that’s not a skill, then I don’t know what is.”

“They’ve legalized lotteries, and you can walk into an off-track betting parlor and bet on any horse race in the country,” said Walters. “And why can they do that? Because of the horse lobby; the people who control the horse lobby have a lot of juice; so does the poker lobby, but there is no such thing as a sports betting lobby. I think they’ll get poker approved, and hopefully sports betting will be next. People are doing it, and they’re not going to stop. It just doesn’t make sense.”

Walters believes that the National Football League (NFL) is another big obstacle in the fight for legalization. Read the full interview from Covers earlier this year.

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