Sports Wagering one step closer in NJ....

[Robert Goren]

Originally Posted by biggestal99

I know the nfl doesn't care about the money (3.4 now) however monmouth i assure does.

They lost 3 million last year and 3 million this one. They are bleeding money. Who makes out if sw goes into effect, well will hill, monmouth racetrack, the horsemen who race their horses there, the employees, if monmouth shutters its a devestating blow to racing with ap on the brink we are about to lose two premier racetracks.

Allan

Then maybe we could have full fields at a NYRA track. It sounds like a great deal for us bettors. Both MP and AP are in trouble because neither offered a good wagering product on a consistent basis. I support sport wagering, but I do not want any of its proceeds going to bail out bad race tracks.

[wiffleball whizz]

Originally Posted by SandyW

Sports wagering will fall by the wayside just like exchange wagering did a few years ago.
The 3ed circuit will not change and does not have the power to change federal law and allow sports wagering under any and all circumstances.

Huge difference between sw and exchange wagering....

Everybody in nj knows what betting games is nobody knows what exchange wagering is

[onefast99]

Originally Posted by Robert Goren

The NFL has done a pretty good job of running its own business. I think it is a bit presumptive of some posters to think they know how to run the NFL better than the owners just because the posters wants to make a bet. If that is the best argument that NJ can make, it will be laughed out of court.

Interesting statement Mr G.. Based on recent developments with concussion related incidents and domestic violence issues the NFL has tarnished their own image. Yes the NFL is a money machine and an out of control one at that but I don't see any correlation between the way the NFL runs itself and the people of NJ wanting to be able to bet on its "product". Maybe you could draw a better picture for me, thanks.

[Stillriledup]

Originally Posted by Robert Goren

The NFL has done a pretty good job of running its own business. I think it is a bit presumptive of some posters to think they know how to run the NFL better than the owners just because the posters wants to make a bet. If that is the best argument that NJ can make, it will be laughed out of court.

I don't think people are saying that they can run the NFL better. Most people are just being critical of the false notion that legal gambling in NJ will somehow hurt their brand. Lots has been proven to be true that the NFL directly benefits from gambling, especially illegal gambling, but with all that said, people aren't saying they can run the NFL better, they're just saying the NFL is full of it for suggesting their brand will somehow suffer.

[onefast99]

Originally Posted by Robert Goren

Then maybe we could have full fields at a NYRA track. It sounds like a great deal for us bettors. Both MP and AP are in trouble because neither offered a good wagering product on a consistent basis. I support sport wagering, but I do not want any of its proceeds going to bail out bad race tracks.

There are many variables involved in why horse racing in general has suffered througout the country, we can argue those points until the cows come home. This thread isn't about why Monmouth Park, Atlantic City casinos, the residents of NJ or the horseman should or shouldn't partake in the revenue stream created by sports wagering it is about getting sports wagering approved and giving the racetracks and casinos the abiltity to draw people in who will spend money so jobs won't be lost as more casinos and eventually racetracks will continue to close. Talk about an image being tarnished or irreparable harm I think the racetracks and casinos have much more at stake here than any professional sports league especially the NFL!

[biggestal99]

Jersey's paperwork filed yesterday. No state regulation of sports is allowed under the law that christie signed repealing sw laws in jersey.

Oral arguments nov 20.

Its a slam dunk for jersey

Unsure how shipp can issue an injunction.

But if he does it will be overturned on appeal.

Allan

[lamboguy]

nothing outside of changing the game of horse racing does anything for the health of the sport. to start to clean up this game is real easy too, but probably not going to happen. i saw it plain as night in the breeders cup, to few people have control over to many horses at the same time. the game has to limit the amount of race horses an owner can own or a trainer can train. the game needs more spread out participation to it. then take things from there. until that happens, the game is going to hell on this continent.

[onefast99]

Originally Posted by biggestal99

Jersey's paperwork filed yesterday. No state regulation of sports is allowed under the law that christie signed repealing sw laws in jersey.

Oral arguments nov 20.

Its a slam dunk for jersey

Unsure how shipp can issue an injunction.

But if he does it will be overturned on appeal.

Allan

The party seeking the preliminary injunction must demonstrate all four things together:

1. That there is a substantial likelihood of success on the merits of the case,
2. That they face a substantial threat of irreparable damage or injury if the injunction is not granted,
3. That the balance of harms weighs in favor of the party seeking the preliminary injunction
4. That the grant of an injunction would serve the public interest.

I agree with you the professional sports leagues and the NCAA haven't proven numbers 1, 2, 3 or 4!

[Robert Goren]

Originally Posted by onefast99

There are many variables involved in why horse racing in general has suffered througout the country, we can argue those points until the cows come home. This thread isn't about why Monmouth Park, Atlantic City casinos, the residents of NJ or the horseman should or shouldn't partake in the revenue stream created by sports wagering it is about getting sports wagering approved and giving the racetracks and casinos the abiltity to draw people in who will spend money so jobs won't be lost as more casinos and eventually racetracks will continue to close. Talk about an image being tarnished or irreparable harm I think the racetracks and casinos have much more at stake here than any professional sports league especially the NFL!

The NFL would not agree with you that point! I tended to agree with the NFL on that if only for the reason that I believe that another revenue stream will not save horse racing in NJ. It most certainly won't save the mismanaged casinos. The only thing that sports wagering in NJ is drag down the NFL. That being said, I still support legalized sports waging everywhere because that is what a significant number of people want.

[Robert Goren]

Originally Posted by onefast99

The party seeking the preliminary injunction must demonstrate all four things together:

1. That there is a substantial likelihood of success on the merits of the case,
2. That they face a substantial threat of irreparable damage or injury if the injunction is not granted,
3. That the balance of harms weighs in favor of the party seeking the preliminary injunction
4. That the grant of an injunction would serve the public interest.

I agree with you the professional sports leagues and the NCAA haven't proven numbers 1, 2, 3 or 4!

Actually all they have to prove is number 1. That is a slam dunk. There is no way NJ wins on the merits of the case. To think otherwise is wishful thinking.

[onefast99]

Originally Posted by Robert Goren

Actually all they have to prove is number 1. That is a slam dunk. There is no way NJ wins on the merits of the case. To think otherwise is wishful thinking.

To have the TRO turned into a permanent injunction they need to meet all four.

[onefast99]

Originally Posted by Robert Goren

The NFL would not agree with you that point! I tended to agree with the NFL on that if only for the reason that I believe that another revenue stream will not save horse racing in NJ. It most certainly won't save the mismanaged casinos. The only thing that sports wagering in NJ is drag down the NFL. That being said, I still support legalized sports waging everywhere because that is what a significant number of people want.

Read what I wrote not what you ad libbed. The reason for the bill as crafted by Ray Lesniak is to bring people out to the racetracks and casinos, thus spending more money on gambling, food and hotels. Thus keeping these venues open, no one ever said, other than you on many occasions, that this will
"save" horse racing or the casino industry in NJ. It is a step in the right direction.

[horses4courses]

Originally Posted by Robert Goren

The only thing that sports wagering in NJ is drag down the NFL.

Please explain.

How does anything drag down the NFL?
No sports organization on earth can match their clout.

Legal sports wagering wouldn't do them the slightest harm,
and eventually they would gain revenue from it.
They are doing business with fantasy league websites,
and everyone knows that is a wolf in sheep's clothing,
as far as gambling is concerned.

All it will do is bruise a few executives' egos
who want to maintain the status quo - and their paychecks.

[Robert Goren]

Originally Posted by onefast99

Read what I wrote not what you ad libbed. The reason for the bill as crafted by Ray Lesniak is to bring people out to the racetracks and casinos, thus spending more money on gambling, food and hotels. Thus keeping these venues open, no one ever said, other than you on many occasions, that this will
"save" horse racing or the casino industry in NJ. It is a step in the right direction.

No matter what the reason was writing the bill was, it won't work. It won't keep the casinos. It can not generate enough money to do that. It might buy the race tracks a few years. It would be nice if the tracks had a plan, but if they have one, I have not seen it. Tell me why it won't be just like the places that got slot money. Will the horsemen get rid of the drugs in their sport? Will they start filling fields? Will tracks start lowering the takeout? Will they start marketing their sport? Is there plan to do any of those things? Is there even plan to develop a plan?

[onefast99]

Originally Posted by Robert Goren

No matter what the reason was writing the bill was, it won't work. It won't keep the casinos. It can not generate enough money to do that. It might buy the race tracks a few years. It would be nice if the tracks had a plan, but if they have one, I have not seen it. Tell me why it won't be just like the places that got slot money. Will the horsemen get rid of the drugs in their sport? Will they start filling fields? Will tracks start lowering the takeout? Will they start marketing their sport? Is there plan to do any of those things? Is there even plan to develop a plan?

Because you haven't seen a plan for the racetracks it doesn't exist? MP as well as the Meadowlands is in the process of expanding their OTW's one was recently built in Bayonne NJ it opened in July. Another one is almost completed in Hillsborough NJ. MP has broken ground for a 7500 seat ampitheatre to open in May 2015. There is other additions to the track planned as well. Jeff Gural who runs the Meadowlands recently built a new grandstand opposite the structure that housed the wagering since it opened in 1976 But on the front burner right now is sports wagering, nothing else is as important to NJ, its racetracks and casinos.