{"id":6758,"date":"2018-05-21T20:52:00","date_gmt":"2018-05-21T20:52:00","guid":{"rendered":"https:\/\/www.pokerscout.com\/?p=6758"},"modified":"2018-05-22T18:12:29","modified_gmt":"2018-05-22T18:12:29","slug":"monmouth-park-wants-more-than-a-paspa-repeal-it-wants-money","status":"publish","type":"post","link":"https:\/\/www.pokerscout.com\/monmouth-park-wants-more-than-a-paspa-repeal-it-wants-money\/","title":{"rendered":"Monmouth Park Wants More Than A PASPA Repeal, It Wants Money"},"content":{"rendered":"
\n
\n
\n

 <\/p>\n

<\/div>\n

 <\/p>\n<\/div>\n

\n

 <\/p>\n

<\/div>\n

 <\/p>\n<\/div>\n

\n

 <\/p>\n

<\/div>\n

 <\/p>\n<\/div>\n

\n

 <\/p>\n

<\/div>\n

 <\/p>\n<\/div>\n<\/div>\n<\/div>\n

With one win, New Jersey<\/strong> racetrack Monmouth Park<\/strong> is looking for another.<\/p>\n

In the wake of the Supreme Court<\/strong>\u2019s decision to lift the ban on sports betting, Monmouth Park is wasting no time to get back what it lost in the interim.<\/p>\n

Monmouth Park officials told Asbury Park Press<\/strong><\/a> they would file a U.S. District Court<\/strong> application for damages accrued fighting the major professional sports league<\/strong> and NCAA<\/strong> on sports betting.<\/p>\n

The hundreds of millions in damages would follow the park\u2019s seven-year fight to rule the 1992 Professional and Amateur Sports Protection Act <\/strong>(PASPA) unconstitutional. These damages cover the temporary restraining order won by the leagues in 2014 and continues into the present day.<\/p>\n

Monmouth Park stopped on its tracks<\/h2>\n

The application sits with U.S. District Judge Michael Ship<\/strong> in Trenton, who issued a stop order at the request of the leagues, who in turn posted a $3.4 million bond<\/strong>. This bond collected what was determined to be what Monmouth Park would lose during the time the order was in place.<\/p>\n

These actions coincide with Monmouth Park\u2019s preparation to accept NFL game bets in October of 2014. The case went to the Third Circuit Court of Appeals<\/strong> and then, later, the Supreme Court last year.<\/p>\n

Dennis Drazin<\/strong>, a consultant to the horsemen\u2019s group that leases Monmouth Park, the New Jersey Thoroughbred Horsemen\u2019s Association<\/strong>, told APP this is just what the league owes.<\/p>\n

\u201cWe feel we\u2019re entitled to additional damages. We believe the leagues acted in bad faith trying to stop New Jersey from taking advantage of sports betting while at the same time they were pursing fantasy sports through their equity positions with the FanDuels and Draft Kings of the world, playing games in jurisdictions that permit gambling on sports, all while telling the courts it was an integrity issue.\u201d<\/p><\/blockquote>\n

Leagues back in the betting game<\/h2>\n

While leagues vouched that there was an integrity issue, Drazin said they were posturing for profit, moving\u00a0NHL<\/strong> and NFL<\/strong> teams to Nevada during that time.<\/p>\n

Since the ruling, the NFL and NBA<\/strong> both released statements saying that they await a federal framework<\/strong> for sports betting from Congress.<\/p>\n

Drazin continued that the losses include revenue Monmouth Park could have used during that time to give horsemen more purse money, to create a concert venue, to provide workers with raises, and to tie the hands of the trades who can\u2019t give those raises.<\/p>\n

Memorial Day: A potential greenlight?<\/h2>\n

Monmouth Park planned to open William Hill Sports Book<\/strong> for betting on May 28<\/strong>, but that plan quickly hit a snag, reported NJ Advance Media<\/strong><\/a>.<\/p>\n

State Senate President Stephen Sweeney<\/strong> introduced a bill (S2602) this week to set up sports betting regulation and taxation in the garden State. This bill also states that any sports betting operation enacted before<\/strong> this setup would not be able to accept future bets on games.<\/p>\n

Sweeney told NJ.com:<\/p>\n

\u201cWe\u2019re moving quickly with legislation. I\u2019m hopeful we should be ready by early June. Everyone should respect the legislative process rather than jumping out\u2026We fought for this for seven years. I\u2019m anxious to get started just like everyone else.\u201d<\/p><\/blockquote>\n

New Jersey has spent $9 million<\/strong> in legal fees fighting for legal sports betting at casinos and racetracks.<\/p>\n

In the meantime, Sweeney said the bill would pass the Senate by June 7<\/strong>; the assembly would vote again May 24<\/strong>. Apparently since the report, Sweeney has told the racetrack to stand down<\/a>.<\/p>\n

Chris Christie weighs in<\/h2>\n

Chris Christie<\/strong> is done waiting. The former New Jersey governor told NJ.com<\/strong> that lawmakers should stop wasting time and let Monmouth Park take bets so as to capitalize on the time.<\/p>\n

\u201cYou can\u2019t just look at the tax revenue,\u201d he said. \u201cYou have to also look at the residual of more people coming to New Jersey (to place bets).\u201d<\/p>\n

Christie is no stranger to waiting out decisions. He originally signed a law that allowed wagering at casinos and racetracks. The following sued Christie:<\/p>\n