Why Use CapperTek to Buy Sports Picks?Why Use CapperTek to Sell Sports Picks?
CapperTek - Sports Handicapping Service Directory
BLOG
CAPPERTEK << Back to Sports Betting News / Blogs
Leagues Demand $3.4 Million Back From NJ Sports Betting Case: More to be Spent
Posted: Wednesday, November 26, 2014 by CapperTek

The NFL, NBA, NHL, MLB and NCAA are asking for $3.4 million from the Courts for the bond they placed on New Jersey’s Monmouth Park Racetrack to prevent them from offering sports betting this fall.

“Pursuant to the Federal Rules, the purpose of the bond was to “pay the costs and damages sustained by any party found to have been wrongfully enjoined or restrained,” writes attorney Anthony Dreyer.

“But the ruling confirms that the [Temporary Restraining Order] was properly entered. Therefore, Defendants can no longer make any claim on the bond and it should be discharged.”

Dreyer adds in his statement that the “Defendants no longer have any right to recover on the bond posted by Plaintiffs, and the bond should therefore be discharged and returned as soon as possible.”

U.S. District Court Michael Shipp issued a ruling late Friday evening on whether New Jersey’s biggest racetrack, Monmouth Park, might begin taking bets on sports after an injunction was entered in early September.

Shipp wrote that New Jersey's latest efforts -- the 2014 Sports Wagering Law -- violates the Professional and Amateur Sports Protection Act of 1992.

The fight to bring sports betting to the Garden State continues nevertheless.

State Senator Raymond Lesniak co-sponsored legislation to allow sports betting in NJ

"We continue to believe that New Jersey has the right to allow sports betting in the state and we will keep up the fight in court," State Senate President Steve Sweeney said in a statement. "We are going to continuing pursuing every legal option available. The economic impact that sports wagering can have on New Jersey is far too important to simply shrug our shoulders and move on."
State Sen. Raymond Lesniak, who has led the push for sports betting in New Jersey, called it "important for our entire state, but especially for Atlantic City," where four casinos have closed this year.

Next stop, the Third Circuit Court of Appeals, which ruled against New Jersey by a 2-1 majority decision in September 2013.  But that ruling did come with one important caveat that resulted in New Jersey’s heightened pursuit for legalized sports betting.

The Third Circuit Court judges said states are free to repeal sports betting laws and decide "the contours of the prohibition."

That resulted in New Jersey Governor Chris Christie signing the newly drafted 2014 Sports Wagering Law last month.  The law requires sports bets only occur at the state’s racetracks and/or casinos.

Regardless of the ultimate outcome, Monmouth Park will miss out on this season's NFL and College Football wagering, which to date has resulted in huge wins for sportsbooks located outside the state both online and in locales such as Nevada.  Super Bowl Weekend is typically among the busiest in Las Vegas.

"Obviously we're disappointed, but not terribly surprised," said Dennis Drazin, adviser to Darby Development LLC, operators of Monmouth Park Racetrack. "After analyzing the rationale expressed by the Court in granting a temporary restraining order last month, today's action was rather expected. We will once again return to the Third Circuit Court of Appeals and ask that they order strict adherence to their 2013 decision, which established the roadmap for New Jersey to begin offering sports wagering.

"For now, it's status quo. Nevertheless, we remain confident that the Third Circuit will render a favorable result for Monmouth Park."

Home   :   Directory   :   Leaderboard   :   Access Picks   :   My Account   :   About Us   :   Betting Trends   :   Game Simulator Copyright © 2013 - 2017 CapperTek, All Rights Reserved.
Affiliate Program   :   Technology   :   Marketing   :   News / Blogs   :   Handicapper Blogs   :   FAQ   :   Contact Us Terms of Service   :   Privacy Policy
Free Scores & Odds Ticker Widget   :   XML Site Map   :   HTML Site Map   :   100% SSL Secure Website
CapperTek Blogs / Links CapperTek Facebook CapperTek Twitter CapperTek Google+ CapperTek Blog CapperTek Tumblr CapperTek YouTube CapperTek Google Search Results CapperTek Bing Search Results CapperTek Yahoo! Search Results CapperTek Ask Search Results CapperTek Alexa Rank CapperTek is 100% SSL Secure!
CapperTek - Sports Handicapping Service Directory
Football
Basketball
Baseball
Hockey
Soccer
Mixed Martial Arts
NFL Picks NBA Picks MLB Picks NHL Picks Soccer Picks MMA Picks
NFL Odds NBA Odds MLB Odds NHL Odds Soccer Odds MMA Odds
NFL Lines NBA Lines MLB Lines NHL Lines Soccer Lines MMA Lines
NFL Spreads NBA Spreads MLB Spreads NHL Spreads Soccer Spreads MMA Spreads
NFL Betting Advice NBA Betting Advice MLB Betting Advice NHL Betting Advice Soccer Betting Lines MMA Betting Advice
NFL Betting Trends NBA Betting Trends MLB Betting Trends NHL Betting Trends Soccer Betting Advice MMA Betting Trends
NFL Las Vegas Odds NBA Las Vegas Odds MLB Las Vegas Odds NHL Las Vegas Odds Soccer Betting Trends MMA Las Vegas Odds
NFL Game Simulator NBA Game Simulator MLB Game Simulator NHL Game Simulator Soccer Las Vegas Lines MMA Fight Analysis
NFL Scores NBA Scores MLB Scores NHL Scores Soccer Las Vegas Odds MMA Fight Tips
College Football Picks College Basketball Picks Baseball Betting Picks Hockey Betting Picks Soccer Scores MMA Predictions
College Football Odds College Basketball Odds Baseball Odds Hockey Odds Soccer Results UFC Fight Picks
College Football Lines College Basketball Lines Baseball Lines Hockey Lines Soccer Tips UFC Fight Odds
College Football Spreads College Basketball Spreads Baseball Spreads Hockey Spreads Soccer Predictions UFC Predictions
College Football Betting Lines College Basketball Betting Lines Baseball Betting Lines Hockey Betting Lines Soccer Stats UFC Matchups
College Football Betting Advice College Basketball Betting Advice Baseball Betting Advice Hockey Betting Advice Soccer Analysis UFC Betting Tips
College Football Betting Trends College Basketball Betting Trends Baseball Betting Trends Hockey Betting Trends Soccer Matchups UFC Betting Advice
College Football Game Simulator College Basketball Game Simulator Baseball Game Simulator Hockey Game Simulator Soccer Fixtures UFC Fight Analysis
College Football Scores College Basketball Scores Baseball Scores Hockey Scores Soccer Betting Picks UFC Betting Trends
PLEASE NOTE: Sports betting inherently involves financial risk. CapperTek assumes no responsibly for the loss of capital incurred due to the use of information contained on this website. Past results do not guarantee or imply future performance. Please bet on sports legally within your jurisdiction and responsibly within your financial means.
UNITED STATES CITIZENS PLEASE NOTE: The content and information contained on this website or any of the sports handicapping service websites listed on this website are strictly for news and entertainment purposes only. Any use of this content or information in violation of federal, state, or local laws is strictly prohibited. Activities offered by advertising links to other sites may be deemed an illegal activity in certain jurisdictions. Viewers are specifically warned that they should inquire into the legality of participating in any games and/or activities offered by such other websites. The owner of this website assumes no responsibility for the actions by and makes no representation or endorsement of any of these games and/or activities offered by the advertiser. As a condition of viewing this website viewers agree to hold the owner of this website harmless from any claims arising from the viewer's participation in any of the games and/or activities offered by the advertiser.

Every sports handicapping service website listed on this website is an individually owned and operated private entity. CapperTek does not have any direct affiliation with any of the sports handicapping service websites listed on this website. CapperTek is also not responsible for the content or accessibility of any of the sports handicapping service websites listed on this website. Links to other service websites do not imply any promotion or endorsement of any of the content or information found on those websites. If you choose to follow links to other websites you do so entirely at your own risk. Any third party photographs, images, videos, audio, logos, slogans, trademarks, service marks, domain names, and intellectual property represented on this website are property of their respective owners.