Sports Books at New Jersey Racetracks? It Just Might Happen
It just blows my mind to see how state legislators, once adamantly anti gambling, are now embracing it in order to bring in much needed revenues.
Latest trend is in hard-strapped New Jersey, where a state Senate committee approved a proposed constitutional amendment to allow sports betting in Atlantic City casinos and at New Jersey racetracks, but ONLY if a federal government ban against sports gambling were eliminated.
The vote was 4-0 by the Senate State Government, Wagering, Tourism and Historic Preservation Committee. Now, they sent the constitutional amendment to the full Senate for consideration.
If approved by the full Legislature, the proposal would ask voters in November whether to authorize sports betting.
State Sen. Raymond Lesniak, D-Union, New Jersey told reporters that legalized sports betting would raise $100 million in new state revenues and generate $500 million for the casinos and racetracks.
And then, a twist. Assemblywoman Caroline Casagrande called for any proposed constitutional amendment to include horse racing.
“That industry is under the same intense competition as the casinos,” she said.
It will be extremely interesting to see what develops. Watch this site to find out more in coming weeks.
Personally, can’t wait to get sports books in Atlantic City. I mean, why not?
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Posted on February 9, 2010 by doclotto | Filed Under Advice, Atlantic City, Casino, Culture, Events, Games
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