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League Blocking of Sports Gambling Cost Racetrack $139 Million

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May/24/2018

League Blocking of Sports Gambling Cost Racetrack $139 Million

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.

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