Officials had plans to open a sports betting service at the New Jersey race tracks as soon as possible, but it looks like they need more time.

At the beginning of September, Governor Chris Christie’s administration took one more step to help New Jersey’s gambling industry grow, by issuing a directive that made it legal for casinos and racetracks to offer sports betting services.

But it looks like there are more hurdles to pass before New Jersey players can legally place wager on sports scores, as the decision was challenged by professional sports leagues. These are the same organizations which fought the state’s efforts to reverse the ban on sports betting, when the US Supreme Court declined to hear the case.

The governor said he did his research and found no trace of previous federal court rulings prohibiting casinos and horse racing tracks from offering sports betting. Now the topic has become a widely debated issue, with a federal ruling expected on October 6.

Miami Herald: New Jersey track extends date for sports betting

The management of the racetrack had plans to open the sportsbook in 45 days, or at least by the end of October. Dennis Drazin, a legal adviser to Monmouth Park, was even more optimistic, hoping to get things going on the first weekend after the directive was issued.

Now the racetrack announced it was taking its time with the big launch, giving the federal judge time to rule on the legality of the directive issued by the New Jersey administration. The court decision is expected to be issued on October 6.

Recent online gambling news wrote that Monmouth Park needs more time to set up phone lines and Internet connections for the operation, as well as to hire 111 new employees. The racetrack is planning on establishing its own private association to regulate sports betting, since the state hasn’t taken care of this. Other casinos or racetracks will be welcome to join the group.

While the legal adviser said he would start taking bets as soon as possible, a Meadowlands Racetrack spokeswoman for the said the establishment wasn’t planning on offering such services for now.

Houston Chronicle: Q&A: New Jersey’s sports gambling push

After Government Chris Christie issued an order this September, saying that racetracks and casinos won’t be prosecuted for taking wagers on sports event, legal issues are still waiting to be resolved before establishments actually start accepting bets. The Houston Chronicle offers answers to some of the most common questions surrounding the issue.

If you want to know why no one is offering sports betting yet, you should know that racetracks and casinos are still waiting for a federal judge to rule on the legality of the new directive. The New Jersey Legislature might also need to take further action before operators launch these services.

The professional sports leagues who sued Christie in 2012 to stop sports wagering in the state have not taken any legal action against the September 8 order yet, but they are probably also waiting for the judge to rule on the issue before proceeding.

Monmouth Park Racetrack officials have already indicated they’d be willing to take bets as soon as possible. The racetrack is even working with a sports betting firm, preparing a room to be used for the new service.

NJ.com: Quigley: Sports betting banned? Don’t bet on it

Good news for New Jersey players eager to put money on sports event. Governor Christie made sportsbooks legal in the state, and Monmouth Park promised to offer these services real soon. Some limitations might be imposed, such as betting on games played in state or being played by New Jersey colleges, but apart from that, sports wagering might get the green light through racetracks and casinos.

In 1992, when Congress passed the Professional and Amateur Sports Protection Act, sports betting became illegal in all but four states. Nevada, Delaware, Oregon and Montana already permitted such wagering, so they were exempt from the rules. A recent poll showed New Jersey residents were two-to-one in favor, but until recently the activity has been illegal.

After four Atlantic City casinos closed this summer, reread an old court decision and concluded that as long as New Jersey did not officially “authorize” sports betting, the state would not get into any legal trouble. This is how the Governor decided he would issue an order saying that entities running sports betting activities would not be prosecuted.

The state treasury is bound to gain from ordinary corporate business taxes, while racetracks and casinos will benefit from an increased client base.

Officials had plans to open a sports betting service at the New Jersey race tracks as soon as possible, but it looks like they need more time.

At the beginning of September, Governor Chris Christie’s administration took one more step to help New Jersey’s gambling industry grow, by issuing a directive that made it legal for casinos and racetracks to offer sports betting services.

But it looks like there are more hurdles to pass before New Jersey players can legally place wager on sports scores, as the decision was challenged by professional sports leagues. These are the same organizations which fought the state’s efforts to reverse the ban on sports betting, when the US Supreme Court declined to hear the case.

The governor said he did his research and found no trace of previous federal court rulings prohibiting casinos and horse racing tracks from offering sports betting. Now the topic has become a widely debated issue, with a federal ruling expected on October 6.

Miami Herald: New Jersey track extends date for sports betting

The management of the racetrack had plans to open the sportsbook in 45 days, or at least by the end of October. Dennis Drazin, a legal adviser to Monmouth Park, was even more optimistic, hoping to get things going on the first weekend after the directive was issued.

Now the racetrack announced it was taking its time with the big launch, giving the federal judge time to rule on the legality of the directive issued by the New Jersey administration. The court decision is expected to be issued on October 6.

Recent online gambling news wrote that Monmouth Park needs more time to set up phone lines and Internet connections for the operation, as well as to hire 111 new employees. The racetrack is planning on establishing its own private association to regulate sports betting, since the state hasn’t taken care of this. Other casinos or racetracks will be welcome to join the group.

While the legal adviser said he would start taking bets as soon as possible, a Meadowlands Racetrack spokeswoman for the said the establishment wasn’t planning on offering such services for now.

Houston Chronicle: Q&A: New Jersey’s sports gambling push

After Government Chris Christie issued an order this September, saying that racetracks and casinos won’t be prosecuted for taking wagers on sports event, legal issues are still waiting to be resolved before establishments actually start accepting bets. The Houston Chronicle offers answers to some of the most common questions surrounding the issue.

If you want to know why no one is offering sports betting yet, you should know that racetracks and casinos are still waiting for a federal judge to rule on the legality of the new directive. The New Jersey Legislature might also need to take further action before operators launch these services.

The professional sports leagues who sued Christie in 2012 to stop sports wagering in the state have not taken any legal action against the September 8 order yet, but they are probably also waiting for the judge to rule on the issue before proceeding.

Monmouth Park Racetrack officials have already indicated they’d be willing to take bets as soon as possible. The racetrack is even working with a sports betting firm, preparing a room to be used for the new service.

NJ.com: Quigley: Sports betting banned? Don’t bet on it

Good news for New Jersey players eager to put money on sports event. Governor Christie made sportsbooks legal in the state, and Monmouth Park promised to offer these services real soon. Some limitations might be imposed, such as betting on games played in state or being played by New Jersey colleges, but apart from that, sports wagering might get the green light through racetracks and casinos.

In 1992, when Congress passed the Professional and Amateur Sports Protection Act, sports betting became illegal in all but four states. Nevada, Delaware, Oregon and Montana already permitted such wagering, so they were exempt from the rules. A recent poll showed New Jersey residents were two-to-one in favor, but until recently the activity has been illegal.

After four Atlantic City casinos closed this summer, reread an old court decision and concluded that as long as New Jersey did not officially “authorize” sports betting, the state would not get into any legal trouble. This is how the Governor decided he would issue an order saying that entities running sports betting activities would not be prosecuted.

The state treasury is bound to gain from ordinary corporate business taxes, while racetracks and casinos will benefit from an increased client base.

The House Ways and Means Committee will hold an inquiry on the possibility of installing taxes and/or regulations on Internet gambling within the U.S. on Wednesday. The inquiry is being held in light of the upcoming implementation of the Unlawful Internet Gambling Enforcement Act, which essentially puts online gambling into a state of prohibition and is scheduled to go into effect on June 1.

The Hill: Online gambling before Ways and Means on Wednesday

On Wednesday, the House of Representatives’ Ways and Means Committee will explore the taxation of Internet gambling at a hearing in Washington. Emphasized in the inquiry will be certain tax-and-revenue proposals advanced in the past congressional session. All of these directly address the Unlawful Internet Gambling Enforcement Act of 2006 (or UIGEA), implementation of which was delayed six months to June 1, 2010.

A hearing on the subject that was supposed to have taken place before the House Financial Services Committee in April was cancelled due to scheduling purposes, but will be rescheduled at some point. Such a hearing would center on bills entitled the “Reasonable Prudence in Regulation Act” (which would simply delay implementation of UIGEA until June 1, 2011) and the “Internet Gambling Regulation, Consumer Protection and Enforcement Act,” a wide-ranging proposal involving the elimination of UIGEA altogether.

Miami Herald: Is online gambling a win-win?

U.S. House Representatives Barney Frank and Jim McDermott are among those proposing to repeal the Unlawful Internet Gambling Enforcement Act and replace it with plans that would legalize and tax online gambling.

McDermott’s current proposed bill, which will be among those investigated at a Ways and Means Committee hearing tomorrow, calls for a 8% tax on deposits made at online casinos or poker rooms, of which three-quarters would go to state and tribal governments, and the remainder to the federal government. Congress’ Joint Committee on Taxation estimated the bill could earn up to $72 billion over the next 10 years.

American professional sports leagues are said to be against these bills for fear of expanding wagering on sports events. because they think it will expand wagers placed on their games.

Frank also defends the legalization of Internet gaming on libertarian grounds: “American adults want to be able to do what they want with their own money without the government interfering,” he says.

New York Post: ‘Worse than Subprime’

Although regulating online gambling would appear to be an easy moneymaker for state and federal governments, some are arguing the same people behind the subprime crisis are supporting new gambling law.

Groups such as the Justice Department and the National Association of Attorneys General remain opposed to Rep. Barney Frank’s efforts at refining the Internet gambling industry, theorizing that as much as $20 billion might be wagered in a “surge among gamblers” when casino gaming is truly out of prohibition.

A recently released federal study, the “2009 United States International Gambling Report,” mostly reiterated the findings of the 1999 US National Gambling Impact Study Commission, calling Internet gambling the “worst type of electronic wagering.”

The House Ways and Means Committee will hold an inquiry on the possibility of installing taxes and/or regulations on Internet gambling within the U.S. on Wednesday. The inquiry is being held in light of the upcoming implementation of the Unlawful Internet Gambling Enforcement Act, which essentially puts online gambling into a state of prohibition and is scheduled to go into effect on June 1.

The Hill: Online gambling before Ways and Means on Wednesday

On Wednesday, the House of Representatives’ Ways and Means Committee will explore the taxation of Internet gambling at a hearing in Washington. Emphasized in the inquiry will be certain tax-and-revenue proposals advanced in the past congressional session. All of these directly address the Unlawful Internet Gambling Enforcement Act of 2006 (or UIGEA), implementation of which was delayed six months to June 1, 2010.

A hearing on the subject that was supposed to have taken place before the House Financial Services Committee in April was cancelled due to scheduling purposes, but will be rescheduled at some point. Such a hearing would center on bills entitled the “Reasonable Prudence in Regulation Act” (which would simply delay implementation of UIGEA until June 1, 2011) and the “Internet Gambling Regulation, Consumer Protection and Enforcement Act,” a wide-ranging proposal involving the elimination of UIGEA altogether.

Miami Herald: Is online gambling a win-win?

U.S. House Representatives Barney Frank and Jim McDermott are among those proposing to repeal the Unlawful Internet Gambling Enforcement Act and replace it with plans that would legalize and tax online gambling.

McDermott’s current proposed bill, which will be among those investigated at a Ways and Means Committee hearing tomorrow, calls for a 8% tax on deposits made at online casinos or poker rooms, of which three-quarters would go to state and tribal governments, and the remainder to the federal government. Congress’ Joint Committee on Taxation estimated the bill could earn up to $72 billion over the next 10 years.

American professional sports leagues are said to be against these bills for fear of expanding wagering on sports events. because they think it will expand wagers placed on their games.

Frank also defends the legalization of Internet gaming on libertarian grounds: “American adults want to be able to do what they want with their own money without the government interfering,” he says.

New York Post: ‘Worse than Subprime’

Although regulating online gambling would appear to be an easy moneymaker for state and federal governments, some are arguing the same people behind the subprime crisis are supporting new gambling law.

Groups such as the Justice Department and the National Association of Attorneys General remain opposed to Rep. Barney Frank’s efforts at refining the Internet gambling industry, theorizing that as much as $20 billion might be wagered in a “surge among gamblers” when casino gaming is truly out of prohibition.

A recently released federal study, the “2009 United States International Gambling Report,” mostly reiterated the findings of the 1999 US National Gambling Impact Study Commission, calling Internet gambling the “worst type of electronic wagering.”