VIDEO: Federal Court Rejects Sports Betting Legalization
NEW JERSEY - A federal appeals court has decided to reject the legalization of sports betting in New Jersey. As of Tuesday, New Jersey's legal challenge against a federal ban is now set aside. The third U.S. Circuit Court of Appeals' ruling invalidates a law passed by the state in 2014 that would have allowed sports betting at casinos and racetracks. Four major profession sports leagues and the National Collegiate Athletic Association (NCAA) sued the state, arguing that the expansion of legal sports betting would damage the integrity of their games and could lead to "game-fixing." Currently, only Nevada offers betting on individual games. Delaware offers multi-game parlay betting in which players must pick several games correctly to win. Hundreds of billions of dollars are bet illegally on sports annually.