Wolfson ruled against the horsemen\u2019s larger claim<\/a>, but kept the door open for the bond.<\/p>\nA hearing on the matter had been set for Wednesday<\/p>\n
About the Agreement<\/h2>\n
Under the terms of the agreement, which lawyers presented to Wolfson on Friday, all outstanding motions made by the horsemen regarding the full bond plus interest as well as any excess damages are to be dismissed without prejudice. In legal terms, that means the NJTHA theoretically could refile the suit.<\/p>\n
However, the order also indicates that both sides within 30 days will file a proposed order to dismiss the case with prejudice and release the bond. Or, the two camps will submit a joint letter to the court explaining why they can\u2019t.<\/p>\n
Both sides have agreed to cover their own legal costs and fees.<\/p>\n
Historic Sports Betting Case<\/h2>\n
The landmark case has had a profound impact on New Jersey and the country.<\/p>\n
Sports betting, once the near-exclusive domain of Nevada, is now available in 19 states and the District of Columbia. Six more states have legalized it and await regulatory approvals.<\/p>\n
Five states have filed legislation to allow sports betting. That does not include New York, which is considering adding mobile wagering to help fill a massive budget deficit.<\/p>\n
\n
And of course, sports betting has been a tremendous boost for New Jersey. In the two-and-a-half years since the first wager was made, the Garden State has become the top sports betting state in the country.<\/p>\n<\/div>\n
In November, New Jersey reported a record-breaking $931.6 billion<\/a> sports betting handle. When the state’s Division of Gaming Enforcement releases the December totals on Wednesday, many analysts expect the state will come close to, if not exceed, a $1 billion handle.<\/p>\n","protected":false},"excerpt":{"rendered":"The historic case that opened the door to sports betting across the United States apparently has come to an end. On Monday, US District Judge Freda L. Wolfson signed off on an agreement between the country\u2019s major professional and collegiate sports leagues and the New Jersey Thoroughbred Horsemen\u2019s Association. The US Supreme Court nearly three […]<\/p>\n","protected":false},"author":45,"featured_media":161135,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[60,1074],"tags":[],"acf":[],"yoast_head":"\n
NJ Horsemen, Sports Leagues Reach Agreement in PASPA Bond Case<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n