Turner Broadcasting System, Inc., the owner of popular cable stations and sports broadcasting rights, says its plans to cash in on the forthcoming sports wagering boom.
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Advocates for responsible gaming are worried that addictive gambling behavior could balloon with the arrival of nationwide sports wagering.
New Jersey’s latest shot at legalized sports betting suffered a significant setback Tuesday, when the U.S. Third Circuit Court of Appeals upheld the prohibition of sports gambling in that state by a 10-2 vote.
The 3rd U.S. Circuit Court of Appeals ruling invalidated a law enacted by New Jersey in 2014 that would have allowed sports betting at casinos and racetracks. The court found New Jersey’s law repealing prohibitions against sports gambling violated the 1992 Professional and Amateur Sports Protection Act, which forbids state-authorized sports gambling.
CARSON CITY — Private investment groups could place sports wagers on behalf of investors under a proposed law in Nevada that would allow the state to reap millions in untapped revenue.