Sports Wagering one step closer in NJ....

[biggestal99]

Originally Posted by coachv30

I guess you have to bet BIG to win BIG....

I spent $6.00 a month ago and hit a $.10 SFC for $2400.

I put $75 last week on a two game NFL parlay that returned $$165...I just don't see where the thrill is in sports betting....that's just me though.

It just like show or place betting. will never make millions yet millions of dollars are wagered into those pools every year.


Allan

[dilanesp]

Originally Posted by biggestal99

LOL. I hate to drudge up an old argument but I will.


Judge Shipp was indeed wrong.


He wrongfully enjoined Monmouth from offering Sports wagering way back in 2014.



so says the 3rd circuit.


https://www2.ca3.uscourts.gov/opinarch/183550p.pdf


it has been remanded back to the district court to determine how much monmouth will collect in damages.


Allan

That's a slightly facile rendering of what happened.

It isn't that Judge Shipp did a terrible thing or anything. Judge Shipp was acting based on the confused state of the law at the time.

However, there's a rule that says when you seek an injunction against someone, you generally have to post a bond to cover the expenses they may incur during the pendency of the injunction, if they win the case in the end. That's what happened here. It wasn't a personal comment on Judge Shipp's competence or the original injunction ruling, but a ruling that the injunction was "wrongful" in the sense that it was "later reversed", meaning that the New Jersey Thoroughbred Association gets to collect on the bond as partial compensation for the time they were subject to the injunction. It's more akin to collecting on an insurance policy.

[biggestal99]

Originally Posted by dilanesp

That's a slightly facile rendering of what happened.

It isn't that Judge Shipp did a terrible thing or anything. Judge Shipp was acting based on the confused state of the law at the time.

However, there's a rule that says when you seek an injunction against someone, you generally have to post a bond to cover the expenses they may incur during the pendency of the injunction, if they win the case in the end. That's what happened here. It wasn't a personal comment on Judge Shipp's competence or the original injunction ruling, but a ruling that the injunction was "wrongful" in the sense that it was "later reversed", meaning that the New Jersey Thoroughbred Association gets to collect on the bond as partial compensation for the time they were subject to the injunction. It's more akin to collecting on an insurance policy.

LOL. Shipp wrongfully enjoined Monmouth. He was absolutely wrong on the TRO. Monmouth should have been allowed to accept sports wagers in 2014 as the case winded though the courts. TRO



Now its back at the district court to determine how much Monmouth is owed.


could be any amount the court deems necessary not just the original bond.


did you read the opinion that I posted?


Allan

[biggestal99]

Originally Posted by biggestal99

LOL. Shipp wrongfully enjoined Monmouth. He was absolutely wrong on the TRO. Monmouth should have been allowed to accept sports wagers in 2014 as the case winded though the courts. TRO



Now its back at the district court to determine how much Monmouth is owed.


could be any amount the court deems necessary not just the original bond.


did you read the opinion that I posted?


Allan

from the opinion


"A party is wrongfully enjoined when it had the right all along to do what it was enjoined from doing"


Monmouth should have been allowed to offer sports betting from October 2014 onwards.


Shipp wrongfully enjoined them.


He was wrong. (as I stated 5 years ago).



Thats not really that hard to figure out.


Allan

[biggestal99]

The horsemen however have to show proof of how much they lost while they were wrongfully enjoined.



The court will rule on how much they entitled to once they show the proof of how much they lost.



Allan

[dilanesp]

Originally Posted by biggestal99

from the opinion


"A party is wrongfully enjoined when it had the right all along to do what it was enjoined from doing"


Monmouth should have been allowed to offer sports betting from October 2014 onwards.


Shipp wrongfully enjoined them.


He was wrong. (as I stated 5 years ago).



Thats not really that hard to figure out.


Allan

You are reading a legal standard that focuses on the content of the later reversal as a personal attack on the trial judge. That's NOT the law.

[biggestal99]

Originally Posted by dilanesp

You are reading a legal standard that focuses on the content of the later reversal as a personal attack on the trial judge. That's NOT the law.

Here is a direct quote from opinion.

“Appellees read the procedural history, as the district court did, a bit too narrowly.”

Again it is clear that Shipp was wrong and the court pointed it out where he erred when issuing the TRO

He also was right in the same instance when he stated the jersey end around was authorization.

Allan

[biggestal99]

Total sports betting hold for 2019 up to 9/30/2019

Meadowlands Approx 96,000,000 (football is king)
Monmouth 18,000,000

Allan

[clicknow]

Originally Posted by coachv30

I put $75 last week on a two game NFL parlay that returned $$165...I just don't see where the thrill is in sports betting....that's just me though.

Maybe this year I will try my hand at this.

I wish they had sports betting for Dock Dogs competitions and the Super Retriever Trials. I'd be all over those! I was heartbroken when they moved the Super Retriever Trials out of Hot Springs. I loved going to these, I went to all the field trials, too. One summer I met Justin Tackett and Yella after never missing an episode of WaterDog TV.

When I went there was very little interest locally, I guess we're not exactly duck hunting area.... but here it is---they used to have it on the infield on 38 acres at Oaklawn Park. I knew a lot of the dogs.

2007:

https://www.youtube.com/watch?v=U0U_cINCpus

2005: Hot Springs

https://www.youtube.com/watch?v=AfFz_Tq2wT4

[biggestal99]

Total sports betting hold for 2019 up to 10/31/2019

Meadowlands Approx 121,000,000 (football is king)
Monmouth Approx 21,000,000

Allan

[RunForTheRoses]

I was at Monmouth last weekend and a Teller I know said they were going to build a sports only facility in the parking lot.

As it is now it is either too small or if you go into the grandstand too big and not nice.

[horses4courses]

Originally Posted by RunForTheRoses

I was at Monmouth last weekend and a Teller I know said they were going to build a sports only facility in the parking lot.

As it is now it is either too small or if you go into the grandstand too big and not nice.

Monmouth Park will not be the only track to do this.
The upgrades will be few and far between in the racing grandstands.

[biggestal99]

Total sports betting hold for 2019 up to 11/30/2019

Meadowlands Approx 135,300,000
Monmouth Approx 23,300,000

Allan

[thaskalos]

Originally Posted by horses4courses

Monmouth Park will not be the only track to do this.
The upgrades will be few and far between in the racing grandstands.

Does this surprise anyone?

[Tom]

The chickens are coming home to roost.