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NJ Lawsuit against the major sports leagues will be a tough one..

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vixen777

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SOURCE FULL STORY

As well as being the front-runner in the race to offer the first legal sports wager outside of Nevada, New Jersey is now making noises about the possibility of suing those major sports leagues
that fought to maintain PASPA’s place on the statute books. State Senate president Stephen Sweeney has confirmed that he is exploring
a lawsuit against the NFL, NBA, MLB, NHL and NCAA for damages that could potentially run into hundreds of millions of dollars.

According to Sweeney, the garden state took a $9bn hit in taxpayer money while fighting the case to have PASPA overturned,
adding that casinos and racetracks there lost out on circa $700m in revenue that would have been generated by sports betting.

But according to one senior legal figure in the US, New Jersey has a difficult case to prove. Sean McGuinness, a partner in Butler Snow‘s Gaming Industry Team, told SBC Americas:
“As far as New Jersey suing the leagues for damages, I think that specific monetary damages would be very difficult to prove or calculate.
In addition, suing the leagues for taking a legal position in support of, what was at the time, a legal federal statute also is problematic in my view.”
 

CareyG

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Well they definitely missed out on some heavy cashflow, but I say just move forward at this point.
 

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