Operators of Monmouth Park Say Sports Betting Delay Cost Them $139 Million

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New Jersey was the state that brought the lawsuit to do away with the 1992 Professional and Amateur Sports Protection Act.

Fresh from its victory in the Supreme Court last week, representatives from the New Jersey Thoroughbred Horsemen's Association (NJTHA) have filed a lawsuit against the National Collegiate Athletic Association (NCAA), claiming it cost the states racetracks nearly $150m in revenue by blocking the legalisation of sports betting. This month a Supreme Court ruling allowed all states to authorize legal sports gambling.

"Ironically, they are calling this extortion attempt an "integrity fee, ' even while fully aware that providing participants a stake in the volume of betting would amount to what could more accurately be called an 'anti-integrity" fee", Sweeney wrote.

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So what will full sports betting look like here - and what could its impact be?

The suit is now over, and New Jersey lawmaker and State Senate president Stephen Sweeney is exploring a lawsuit against the entities that sued New Jersey.

"The Leagues' quest to prevent Monmouth Park from accepting bets on the Leagues' games and the games of others first began in 2012 and did not stop until the Supreme Court's May 14, 2018 decision forced them to do so". The NJTHA suit filed Thursday requested sanctions against the leagues. "During the intervening years the Leagues' actions almost put Monmouth Park out of business, inflicted significant financial and emotional hardship on hundreds of innocent Monmouth Park workers, and jeopardized the continued viability of New Jersey's entire equine industry, including its many horse farms and related open spaces", the brief says.

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The suit seeks payment of a $3.4 million bond the leagues posted in 2014 to secure any loss the horsemen's association might suffer during the time the temporary restraining order was in effect.

Nonetheless, the NFL, the National Basketball Association, the National Hockey League and Major League Baseball have embraced fantasy wagering, according to the motion.

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