A district court decision has been turned into by A group of judges in stonewalling legal sports betting in the 33, in New Jersey that absolved the pro and amateur sports leagues of blame.
A team representing that the NJ horse racing business to pursue damages exceeding $100 million is empowered by the new ruling in the Third Circuit Court of Appeals.
The situation came in the wake of this 2018 US Supreme Court judgment (Murphy vs. NCAA) the national ban on sports betting — the skilled and Amateur Sports Protection Act (PASPA) — was unconstitutional.
Then, the NJ Thoroughbred Horsemen’s Association (NJTHA) requested for damages against the NCAA and the championships, who for many years fought to maintain the federal ban set up and stop NJ sports betting by moving ahead. (Monmouth Park is one of the centers running licensed sports wagering from the country.)
Here was the debate from the NJTHA in the complaint:
In discovering damages should be received by the NJTHA the Third Circuit in deciding the appeal minced words:
Here is the text of this decision: NJTHA Appeal. The conclusion was 2-1 in favor of the NJTHA, using a dissent included with the court ruling.
The amount was 150 million, but the court didn’t state how much should be given. Circuit Court Judge Marjorie Rendell penned the vast majority opinion on Monday, sending it straight back to the district court and Judge Michael Shipp.
“Shipp will presumably now be tasked with deciding on how much cash the NCAA, NFL, NHL, MLB and NBA might need to pay the New Jersey Thoroughbred Horsemen’s Association for being wrongfully enjoined during the whole period of the legal scenario,” said Ryan Rodenberg, an associate professor at Florida State University.
“Upon remand, the Third Circuit’s brand new ruling may also result in a number of those still-sealed court files being released.”
The NJTHA sought two figures: $3.4 million from a bond registered as a security in the first PASPA situation and almost $150 million in compensation. The latter is how much Monmouth Park anticipated it lost as a result of not having the ability to provide sports gambling while Murphy vs. NCAA (initially Christie vs. NCAA) was moving on. Again in the complaint:
Monmouth Park has created since New Jersey sports around $27 million in earnings. That is only for a year one without a market for online sports gambling.
So that the estimate, now, might be somewhat high but not out there.
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