Lawsuit To Try To Make Sports Betting National

New Jersey lawmakers are trying to change a federal law that restricts sports betting in every state, except Nevada. The idea here is to raise more tax dollars to help their state. If this happens, other states will certainly follow.

Will this hurt Nevada Sports Books? It certainly can't help. California is key in this issue. If this federal law is changed and California choses to make sports betting legal, that could take a bite out of the business in Nevada.

$2.6 billion dollars were bet legally in Nevada in 2008. The casino "take" was about $136 million. Billions more are bet illegally in America.




Check out this story from The Street:

http://www.thestreet.com/story/10476162/1/lawsuit-seeks-to-allow-sports-betting-nationwide.html?cm_ven=GOOGLEN