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American Racing & Entertainment Chairman Jeff Gural on sports leagues’ efforts to stop legal sports betting in New Jersey.
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-- with the meadowlands racetrack welcome to you sir and tested did give some people some back on on this.
About four years ago New Jersey decided to challenge federal law.
Because the federal I think prohibits gambling on sports.
In several states other than Nevada and three others which were grandfathered in.
And it it's very simplest form the New Jersey case seems as if well you've allowed it in four states why not disallow it everywhere.
I think that's exactly right that's the argument is so why should the federal government.
And something New Jersey that's laugh aloud in Nevada residents technological.
So along comes the NFL.
The NBA different sports leagues and they say -- -- known and are you can't allow hitting.
On our games.
In and I wasn't the endo is -- -- in New Jersey because.
That will give a perception that these games are fixed and that where are not up -- -- kinds of people.
Right and the judge a great.
Well I think the judges came to the conclusion that it somehow would harm the -- I don't think anyone thinks it's didn't necessarily means it's fixed I think.
What the sports teams don't want right now everybody gets on these sports illegally.
Other than in Nevada she.
Not here at fox we counted back in the Rebecca they had no one has personal that's going on the does that seriously people do do this all the time well if they -- it's between 30500.
Billion dollars is -- illegal.
In in the US so if you -- 5% of that.
That means is a 150 billion dollars going somewhere.
And it's not going to taxable businesses it's not going to create jobs it's going somewhere.
And I think the NFL I mean that's where them most the money's been -- -- I -- what they're saying.
Well if somebody -- to -- in the hands along with two seconds ago.
And it looks fishy.
As long as it's illegal is nothing you can do value can't complain and and I -- might harm the reputation of the NFL news or exactly so the judge's ruling isn't a ruling on the merits it's just you may proceed.
Yeah I I think most people expect that.
Ultimately.
That the we've we've got to see what is the federal government and the -- the judge gave the federal government to January 20 to intervene and we know how good the federal government is in in meeting its -- exactly so.
No one knows if they're gonna intervene because obviously.
There is a federal law that prohibits this so Department of Justice would have to step in -- -- to New Jersey act they would have to have joined the lawsuit.
And and become a party to -- say where have where opposed to this on federal because it's a violation of federal law.
-- -- you know we don't have someone from different sports franchises with us right now but let me ask you -- What's the case to make it it's cyclical legitimate concern on their part that they don't want.
The brand.
Tarnished in any way I mean they have been through betting scandals in the past Major League baseball's -- a couple time.
Habit but they're just you know if you watch this is that NFL pregame shows -- -- -- -- shows that you'll talk about the line.
They have injury reports that are only mainly of interest to someone who's a gambler.
