Legalization of sports betting in New Jersey will have to wait a little longer, considering that Governor Christie decided to decline the chance it due to legal promises.
The new legislation would have seen New Jersey upgrade its gaming portfolio and extend it to sportsbetting. The bill was designed to create a way for the state to bypass a federal law that prohibits gambling on college and professional sports in New Jersey. The decision was brought forward to the public last week on Friday.
However, that will not be the case as Christie believes taking that step would be against democratic and constitutional principles, and wants to uphold US gambling laws. “Ignoring federal law, rather than working to reform federal standards, is counter to our democratic traditions and inconsistent with the Constitutional values I have sworn to defend and protect.”
Assembly Democrat laments missed opportunity
Assembly Democrat Ralph Caputo is known to be a supporter and also a sponsor of the legislation, believes that the state has missed an opportunity to boost its ailing gambling industry. “The legislation would have been a much-needed shot in the arm for Atlantic City and our racetracks.”
Taking into account the vast revenue opportunities that can be generated with sports betting, Caputo states that they missed a lucrative chance, according to gambling news. “This was a viable opportunity to increase revenue and help rejuvenate New Jersey’s casino industry, and we didn’t take it.”