Scarinci Hollenbeck, LLC
The Firm
201-896-4100 info@sh-law.comFirm Insights
UTEP Incident Could Prove Detrimental for Further Sports Betting Legalization
Author: Scarinci Hollenbeck, LLC
Date: February 7, 2014
Key Contacts
Back
Wagering on amateur and professional sports is illegal in the majority of the U.S. with only Nevada having widespread betting.
However, some states – especially New Jersey – have made a push for legalized sports betting, but have yet to be successful.
A recent incident at the University of Texas at El Paso probably won’t help the case for any state attempting to legalize wagering on sports. Following an FBI investigation, three UTEP men’s basketball players were kicked off the team after it was found they gambled on sporting events.
This has been one of the biggest reasons that the NCAA and professional sports leagues are adamant about keeping betting illegal across the U.S. However, it appears as though there are no indications of point shaving, as the three UTEP players were not betting on their own games.
“To date, there is no indication of point shaving,” UTEP Executive Vice President Richardo Adauto said at a news conference. “They were not betting on UTEP games.”
Legalizing Sport Wagering
With more fuel available for critics, it is likely going to be an even bigger uphill battle for supporters of legalized sports betting. But, there are many advantages to be had. For example, if properly regulated, states could use this type of wagering to help boost tax revenues, which could be beneficial for many states struggling with their budget, such as New Jersey.
Of course, the most important thing to note is that betting is regulated. One possible plan could be to use the same strategy New Jersey used with its other online gaming ventures – partner with a casino that is already in business.
It should be interesting to see where the conversation moves on legalized sports wagering, as there seems to be new developments every month.
- Industries: Entertainment & Media
- Locations: Red Bank, NJ, New York City, Little Falls, NJ
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Related Posts
See all
What Business Owners Get Wrong Before Meeting a Litigation Attorney
What should you expect when meeting a litigation attorney about a business dispute? You should expect to describe the dispute in your own words, hand over the most important documents, flag any deadlines or immediate threats, and leave with a clearer picture of the problem, what information is still needed, and the likely next steps. […]
Author: Michael Mietlicki
Arbitration vs. Litigation vs. Mediation: What New Jersey Businesses Should Know Before Signing a Contract
Arbitration resolves disputes privately before an arbitrator whose decision is usually final, while litigation resolves them in court with full rights of appeal. Whether a business ends up in arbitration or litigation is often decided when it signs the contract, long before any dispute arises. Key Takeaways When facing a contract dispute, carefully consider your […]
Author: Graham Staton
Can You Own Part of a New Jersey Business Without a Written Agreement?
Can you own part of a business in New Jersey without a written agreement? Yes, it is possible. Under New Jersey’s Uniform Partnership Act, a partnership can arise when two or more people carry on a business as co-owners for profit, whether or not they ever intended to form one. Ownership doesn’t necessarily depend on […]
Author: Michael Mietlicki
Crisis-Proofing Your New Jersey Business: Building a Crisis Response Plan Before You Need One
For New Jersey businesses, crisis preparedness should be viewed as a legal and operational function, not simply an emergency-management exercise. A well-designed crisis response plan can help preserve evidence, protect confidential communications, meet reporting obligations, limit unnecessary exposure, and prevent an already difficult situation from becoming a larger legal problem. Key Takeaways A serious crisis […]
Author: Sean M. Pena
Monmouth County's Next Development Wave: What Developers and Investors Need to Know
Monmouth County is entering a significant new phase of development. For those looking to acquire property or undertake a new project, understanding the market opportunity is only the beginning. The more important question is whether a particular property can actually be developed as contemplated and what approvals, agreements, and other conditions will be required to […]
Author: Donald M. Pepe
Are Your Conversations with AI Shielded from Discovery? Courts Are Split
Whether a client’s prompts to a generative AI tool and the documents it produces are protected from disclosure depends on the case type, who claims protection, and whether counsel was involved. In United States v. Heppner, a New York federal judge ruled that a criminal defendant’s communications with an AI platform were protected by neither […]
Author: Chris Seelinger
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Sign up to get the latest from our attorneys!
Explore What Matters Most to You.
Consider subscribing to our Firm Insights mailing list by clicking the button below so you can keep up to date with the firm`s latest articles covering various legal topics.
Stay informed and inspired with the latest updates, insights, and events from Scarinci Hollenbeck. Our resource library provides valuable content across a range of categories to keep you connected and ahead of the curve.