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Update: The time has come for sports betting to be regulated

05.28.2012 07:37 AM Printer Friendly

UPDATE

Editorial on New Jersey's bold announcement that it would try to implement sports betting as early as this fall.

"Right now over 99 percent of sports betting is unregulated and untaxed. It's a market dominated by criminals," said Joe Asher, CEO of the company that runs 17 Lucky's sports books in Nevada. "There's no way you're going to stop an illegal sports betting market from thriving other than to legalize it."

"It's part of the American culture, it's why we watch sports," Asher said. "Creating a legal market for sports betting so that it is regulated, so that it is taxed, and so that legitimate businesses are involved is, of course, a good thing. The sooner that happens, the better for everyone involved."

New Jersey grows a pair, says sports betting a go by the fall

05.25.2012 06:51 AM View Original Blog

Where the hell did this come from? New Jersey Governor Chris Christie went from kind of liking the idea of sports betting to saying it will be a reality by this fall – and screw the federal ban.

"If someone wants to stop us, then let them try to stop us. We want to work with the casinos and horse racing industry to get it implemented. Am I expecting there may be legal action taken against us to try to prevent it? Yes. But I have every confidence we're going to be successful."

"We intend to go forward," the Republican governor said. "If someone wants to stop us, then let them try to stop us. We want to work with the casinos and horse racing industry to get it implemented.

"Am I expecting there may be legal action taken against us to try to prevent it? Yes," the governor said. "But I have every confidence we're going to be successful."

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