Leagues' block of sports gambling cost racetrack $139MEds: Adds details, background, comment from lawsuit.
The saga of sports betting in the USA took another turn Thursday, as the New Jersey Thoroughbred Horsemen's Association, operator of Monmouth Park, filed a lawsuit against the four major sports leagues and the NCAA.
The NJTHA filed the motion in National Collegiate Athletic Association v. Murphy, the same case in which the Supreme Court ruled on May 14 that overturned the Professional and Amateur Sports Protection Act, which set restrictions on sports betting.More news: Correction maneuver puts NASA's InSight lander on path to Mars
The New Jersey Thoroughbred Horsemen's Association, which operates Monmouth Park is seeking damages for lost revenues it claims was the result of a long legal battle over sports betting.
The leagues are seeking a cut of the money gambled on sports to monitoring bets and make sure the games are free from cheating. The NJTHA suit filed Thursday requested sanctions against the leagues.
Nevada's existing gambling laws were grandfathered in, but with last week's high court decision, any state may now opt to permit sports betting.More news: Apple reportedly partners with Volkswagen for self-driving employee shuttles
In a related move, NFL Commissioner Roger Goodell said recently he wants Congress to pass a federal law regulating sports betting, in order to "protect the integrity of the sport". And from November 21, 2014, to May 14, 2018, while Monmouth Park was under a permanent injunction against accepting sports wagers, Grove estimated that its lost revenue was $139.7 million.
"During the intervening years the Leagues' actions almost put Monmouth Park out of business, inflicted significant financial and emotional hardship on hundreds of innocent Monmouth Park workers, and jeopardized the continued viability of New Jersey's entire equine industry", the suit alleges.
It also seeks an evidentiary hearing to determine the total damages owed by the leagues.More news: Irish expats head home in droves to vote in abortion referendum
Nonetheless, the NFL, the National Basketball Association, the National Hockey League and Major League Baseball have embraced fantasy wagering, according to the motion.