2021 could bring a resolution to the New Jersey sports betting lawsuit. The filer hopes to recover at least $3 million from the NCAA and major professional sports leagues. The suit came from the sports organizations’ opposition to legal sports betting in the state in 2014.
A federal judge rejected an attempt by the New Jersey Thoroughbred Horsemen’s Association to recover at least $100 million from the NFL, MLB, the NCAA, NHL, and NBA. The former filed the lawsuit after the sports organizations prevented Monmouth Park Racetrack to offer sports betting more than three years before the Supreme Court overruled the federal ban on the activity.
However, they hope to recover more than $3 million that the sports organizations put up as default bond. According to sportsbook pay per head reports, they put up the bond when they asked for a temporary restraining order against Monmouth Park in 2014.
New Jersey Sports Betting Lawsuit
The suit stemmed from the battle over sports wagering in New Jersey. Voters approved sports betting a couple of years earlier, and the state legislature signed it into law. According to bookie pay per head services providers, it came before the US Supreme Court struck down PASPA.
In 2014, a federal judge issued a temporary restraining order preventing Monmouth Park’s plans to offer sports betting. The judge sided with the sports organizations’ argument that allowing the horse track to start accepting wagers would harm their brand, as well as the integrity of the games.
According to bookie pay per head reports, the sports organizations put up a $3.4 million bond. It would secure losses the horse track might experience while the temporary restraining order was in effect.
When the TRO expired in November 2014, the judge voided the NJ sports betting law, ruling it violated the 1992 PASPA law. Several court battles ensued, and the Supreme Court gave the state a victory after it struck down the federal law.