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Senator Raymond Lesniak explains how allowing sports betting in New Jersey will help the state's bottom line.
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Thank you very much.
Well New Jersey.
Once -- -- -- like Vegas and allow sports betting in its casino is the -- double play an all four major sports blaze at a well.
MLB everybody pursuant to block this new wagering law that was written by state senator Raymond -- -- could joins me now around the -- -- -- so let's get this financing story -- exactly how do you think.
That allowed and sports betting in New Jersey is gonna help the state over.
-- Well first of all our casinos in Atlantic -- the -- racetracks are really.
Suffering from reduced revenues from increased competition and lack of interest -- -- -- -- -- reading this shall bring people up.
Into and so -- Citi -- particularly big events during the final four.
Weekend of the NC double a new Super Bowl week to not get -- room.
In Las Vegas and Atlantic city music goes down so not know I we'll bring our bring those side those revenues what is known to dollars are going -- the wind up.
Don't either -- last -- organized crime -- Porsche and both sides the shortage of excitement.
I mean I'm sorry -- as somebody that's actually from the west -- mean I would think that most people -- were rather go to Las Vegas which offers a lot more.
An entertainment and everything else in Atlantic City and an especially for the Super Bowl especially for the final four.
-- I beg to differ with you -- -- -- -- -- -- -- has a lot door for a new casino -- rebel as the greatest casino.
In the United States produced plenty of people around to serve.
To go to Las Vegas and polemics -- people look to bet on -- they look to be where the action is our studies show.
That there have been.
Aren't confused will be packed and hope that there's on -- -- millions of dollars going out don't go to source that's another.
Then -- the let me throw out numbers because here's the revenues that came in for -- -- Nevada.
Fiscal year 2011 gross revenues a 141.
Million dollars as us from sports.
We -- estimates out in New Jersey and I'm kind of questioning this one point three billion and gross revenues is it gonna look at me.
-- -- -- -- -- -- -- -- -- -- You know people -- -- a for a lot of different reasons none has so the bet on sports but metropolitan area -- New Jersey area as a hotbed of sports to the giants and Eagles playing together.
Against each other we'll we'll just.
Bring out everybody to you know enjoy the competition and and place better as well.
All right well you know Chris Christie is behind mess he says -- overturn a federal ban but wish singing we shall -- to generate less neck obviously who authored.
This thank you very much for for joining us on fox now but my little of the -- begin our.
