New Jersey has been trying to get a piece of the sports betting action for some time now, which is why it will take its court case to the appeals court in order to secure its right to regulate and license sports betting operations within its borders.
At this point, only Las Vegas is allowed to offer legal sports betting options including office pools. New Jersey estimates the sports gambling market in the state is worth approximately $500 billion every year, of which only 1 percent is being andled on a lawful way.
According to Governor Chris Christie, “Every town in this state has people betting on football, baseball, basketball, hockey, on all the major sports, except now it’s being done by criminals. What we’d like to do is to bring it out in the open and have the citizens of the state benefit from it.”