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
Pet Trusts in New Jersey and New York: A Practical Estate Planning Tool
For many of us, pets are more than companions—they are members of the family. Yet they are often overlooked or inadequately provided for when it comes to estate planning. A pet trust offers a legally enforceable way to ensure that your animal continues to receive proper care if you become incapacitated or pass away. As […]
Author: Marc J. Comer
How Can Trusts Be Used in Business Succession?
For many New Jersey business owners, a closely held company represents decades of work, financial investment, and personal sacrifice. Trusts in business succession planning are one of the most effective tools for protecting that value, allowing founders to control how and when the business passes to the next generation while reducing the risk of disputes, […]
Author: George McGowan
Read Before You Sign: IT Contract Pitfalls Every NJ Business Should Know
In today’s digital economy, New Jersey businesses of all sizes rely heavily on technology vendors, software providers, cloud platforms, and managed IT services. Whether your company is purchasing software, migrating data to the cloud, engaging a cybersecurity consultant, or entering into a long-term managed services agreement, a careful IT contract review can have significant operational, […]
Author: George McGowan
New York NDA Requirements for Businesses
Non-disclosure agreements (NDAs) remain a critical tool for protecting sensitive business information. However, New York NDA requirements have evolved, and businesses must ensure these agreements are carefully drafted to remain enforceable. In a competitive market like New York City, NDAs are commonly used to protect proprietary information, client relationships, and strategic plans. At the same […]
Author: Dan Brecher
New Jersey Will Contest Grounds Explained
How Courts Evaluate Testamentary Capacity and Undue Influence Will contests in New Jersey are difficult to win, given the strong presumption that a properly executed will reflects the testator’s intent. However, challenges based on lack of testamentary capacity and undue influence remain common, particularly where there are concerns about mental capacity or the involvement of […]
Author: Marc J. Comer
Legal Issues Before Bringing on Investors
Bringing on outside investors can provide the capital and strategic support a business needs to grow. However, raising capital also introduces important legal, financial, and operational considerations. Before bringing on investors, businesses should address key legal issues to reduce risk, streamline investor due diligence, and position the company for long-term success. Early preparation signals that […]
Author: Dan Brecher
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.