Standard breeders & owners association of New Jersey

Representing the drivers, trainers, caretakers, breeders and owners of New Jersey

64 Business Route 33

Manalapan, NJ 07726

Phone: 732-462-2357

Fax: 732-409-0741

Reminders:

2018 RACE DATES

MEADOWLANDS

October 12 - December 1

Fridays & Saturdays

7:15pm Post Time

December 6 - December 29

Thursdays, Fridays & Saturdays

7:15pm Post Time

 

FREEHOLD - Post Time 12:30pm

August 24 - December 29

Fridays & Saturdays

Monday September 3

Special Holiday Race Day

Thursday December 27

Special Thursday Race Day

BACK

SUPREME COURT STRIKES DOWN FEDERAL SPORTS BETTING BAN, PAVING WAY FOR NJ AND OTHER STATES
 
Full Story

-- Michael Sheetz, Reuters contributed to this report.

MANALAPAN, NJ -- May 14, 2018 -- The U.S. Supreme Court ruled Monday that states can legalize sports betting, breaking up Nevada's monopoly on the practice.

The court upheld the legality of a 2014 New Jersey law permitting sports betting at casinos and racetracks in the state and voided the federal Professional and Amateur Sports Protection Act. Some states see sports betting, like lotteries, as a potentially important source of tax revenue.

The Supreme Court justices struck down the entire federal law on a 6-3 vote.

"The legalization of sports gambling requires an important policy choice, but the choice is not ours to make. Congress can regulate sports gambling directly, but if it elects not to do so, each state is free to act on its own," Justice Samuel Alito wrote in the majority opinion.

The state law at issue would allow people age 21 and above to bet on sports at New Jersey casinos and racetracks but would ban wagers on college teams based in or playing in the state.

Shares of several casino companies moved higher following the ruling, including Caesars Entertainment, up 6 percent and Penn National Gaming, up 4 percent. Others gaining included MGM Resorts, Boyd Gaming and Churchill Downs. Wynn Resorts stock recaptured some of its losses from earlier in trading, down 1.9 percent on the day.

Industry analysts have said that dozens of states might legalize sports betting if they are not barred from doing so by the federal law. While awaiting Monday's ruling, seven states Connecticut, Delaware, Pennsylvania, Iowa, New York, Mississippi and West Virginia had laws prepared to make sports betting legal. Thirteen other states California, Illinois, Indiana, Kansas, Kentucky, Maryland, Massachusetts, Minnesota, Michigan, Missouri, Oklahoma, Rhode Island and South Carolina have plans or proposals to consider legalizing sports betting.

The ruling takes the U.S. a step closer to legal sports betting in numerous states, possibly even nationwide. Currently, the practice is legal only in select places such as Nevada, home to the gambling capital Las Vegas. The current illegal sports betting market is worth billions of dollars annually.

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