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NCAA, PRO SPORTS LEAGUES DEALT HUGE LOSS IN NJ SPORTS BETTING CASE, LIKELY OWE MILLIONS

November 21, 2019

A group of judges??has reversed a district court decision in stonewalling legal sports betting in the state in New Jersey that absolved the amateur and pro sports leagues of blame.
The ruling in the Third Circuit Court of Appeals lets a team representing the NJ horse racing industry to pursue monetary damages exceeding $100 million.
The case arrived in the aftermath of this 2018 US Supreme Court judgment (Murphy vs. NCAA) that the national ban on sports betting — the Professional and Amateur Sports Protection Act (PASPA) — was unconstitutional.
Then, that the NJ Thoroughbred Horsemen’s Association (NJTHA) requested for damages against the NCAA and the leagues, who for years fought to maintain the national ban in place and prevent NJ sports betting from moving ahead. (Monmouth Park is one of the centers running authorized sports wagering from the state.)
Here was the debate in the NJTHA in the first complaint:
The Third Circuit in deciding the appeal minced few words in determining the NJTHA should receive damages:
Here’s the full text of this decision: NJTHA Appeal. The conclusion was 2-1 in favour of the NJTHA, using a dissent.
The court did not say how much ought to be awarded, although the amount was 150 million. Circuit Court Judge Marjorie Rendell penned the vast majority comment on Monday, sending it straight back into the district court and Judge Michael Shipp.
“Shipp will presumably now be tasked with deciding on how much money the NCAA, NFL, NHL, MLB and NBA might have to pay the New Jersey Thoroughbred Horsemen’s Association to be wrongfully enjoined during the duration of the legal circumstance,” explained Ryan Rodenberg, an associate professor at Florida State University.
“Upon remand, the Third Circuit’s brand new ruling may also result in a number of those still-sealed court files being released.”
The NJTHA sought two figures: $3.4 million in the bond filed as a collateral from the first PASPA case and almost $150 million in damages. The latter is how much Monmouth Park anticipated it lost as a consequence of not having the ability to provide sports betting although Murphy vs. NCAA (originally Christie vs. NCAA) was moving on. Again from the initial complaint:
Monmouth Park has generated since New Jersey sports. That’s just for year one without a market for internet sports betting.
Hence that the estimate might be somewhat high but not out of line.

Read more here: http://www.jet-mate.com/ufc-betting/

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