Nj sports betting referendum definition

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We certainly have no moral qualms about sports betting, considering how widespread it already is, legally and illegally. Interestingly, this time around, the professional sports leagues don't seem to be lobbying against the measure.

New Jersey, like every other state, is virtually powerless to stop the illegal transactions. Why not, then, legally establish sports wagering in a way that benefits the state with a new source of tax revenue? We believe the right response is yes. Face it: The state needs the money and casinos need this lifeline In the end, passage would be moot unless a federal law limiting sports betting to four states is lifted.

But voters should vote yes. Nonetheless, there are less-convoluted ways to fight the ban, including working with our congressional delegation to repeal it. It already relies too heavily on gambling in a market saturated with wagering opportunities. Sports betting proponents want to help the state's struggling casinos and horse racing tracks, where bets would be taken, and provide a new source of tax revenue from a huge pool of money flowing untaxed to illegal bookmakers often allied with organized crime, or to unlicensed offshore Internet sites.

A former race track site in Cherry Hill also would be eligible; lawmakers feared losing the affluent suburban market to nearby Philadelphia if Pennsylvania ever were to approve sports betting. The benefits would come not so much by flooding the casinos and tracks with new revenue from sports bets, but by bringing new bodies to the facilities who would then presumably gamble and spend money on other things as well.

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