..

League Blocking of Sports Gambling Cost Racetrack $139 Million

Written by:
Guest
Published on:
May/24/2018

NEWARK, N.J. (Associated Press) — A New Jersey horse racing association has sued the four major pro sports leagues and the NCAA over what it says is more than $130 million in lost sports betting revenue.

The suit filed Thursday in federal court claims the leagues acted in bad faith when they got a restraining order in 2014 to block Monmouth Park Racetrack from offering sports betting.

The suit claims Monmouth Park would've made $139 million in revenue between November 2014 and this month when a Supreme Court ruling allowed all states to authorize legal sports gambling.

The suit claims the pro leagues acted in bad faith because they were actively promoting and endorsing businesses that made millions from fantasy sports games.

Spokesmen for the NBA, MLB and NFL didn't immediately return messages seeking comment.

Gambling News

US Industry Wonders: What Should Tomorrow’s Casino Floor Be?

US Industry Wonders: What Should Tomorrow’s Casino Floor Be?

Walk into a casino today, and chances are it won’t look that much different than it did in the 1942 movie “Casablanca” when Humphrey Bogart made his way through the gambling tables in the smoke-filled room.

MNF Free Pick: Saints Vs. Seahawks | Two Team Parlay

You can coach the living tar out of your players, but can you coach your players out of the tar? Has head coach Pete Carroll done this very thing? We give coach Pete his credit, he has earned much respect as a college head coach and now the long-running head coach of the Seahawks.

Iowa Pushing for Statewide Online Casino Gambling

Iowa Pushing for Statewide Online Casino Gambling

With mobile sports betting deemed a success in the state of Iowa, lawmakers are now pushing for legalization of online casino games.

Bengals Updated Futures Odds After Beating The Ravens: Super Bowl 56

Bengals Updated Futures Odds After Beating The Ravens: Super Bowl 56

While the odds of the Bengals to win the 2022 Super Bowl were as high as 15-1 at WynnBet, most books were promising a payout of $3000 on a $100 bet.

Titans Updated Futures Odds After Beating The Chiefs: Super Bowl 56

Titans Updated Futures Odds After Beating The Chiefs: Super Bowl 56

The Tennessee Titans odds of winning Super Bowl 56 following their statement win over the Kansas City Chiefs were coming in at 25-1 for a payout potential of $2500 on every $100 bet.

Syndicate