A cheer could be heard from residents across the tri-state area (New Jersey, New York, and Connecticut) when the decision came through. After 6 years of failure, the Supreme Court decided against a law preventing U.S. States from allowing its citizens to gamble on sports. New Jersey is at the top of the list and looks to use their newly found legislative freedom to pump life back into the struggling Atlantic City. While sports gambling is already legal in Nevada, this decision will allow each state to decide whether or not they accept bets on all major league sports, including the NFL, MLB, NBA, and NHL. The Professional and Amateur Sports Protection Act, passed in 1992, allowed Nevada (and specifically Las Vegas) to become the mecca of sports gambling, and since then other states across the country have been left in the financial dust. Read MoreGoogle+
Those who have been dreaming of making money in daily fantasy sports may be in for a rude awakening. A class-action lawsuit has been filed against the 2 major players in the industry, DraftKings and FanDuel, questioning the self-regulatory methods of their contests. The recent scandal has shades of insider trading, where employees from each company would take the internal information (including player rankings, strategy, etc) and submit “teams” to the opposing company. Both companies have been advertising heavily with popular sports leagues like the NFL and MLB, leading many to believe they are very financially successful. The latest lawsuit was filed by a man from Watertown, MA (DraftKings is based in Boston, while FanDuel is based in New York City). Read MoreGoogle+
The NFL, MLB, NBA, and NHL were quick to remind New Jersey that there’s no such thing as a safe bet. The major professional sports leagues have filed a lawsuit against a recently passed law that had the hopes of on-site legalized sports gambling. Currently, the only place in the United States where you can place a live bet on pro sports is Las Vegas, but NJ Governor Chris Christie has other ideas in mind. Monmouth Park, a racetrack in South Jersey, was on the verge of being able to accept bets for NFL, MLB, NBA, NHL, and NCAA games before the lawsuit was filed. The federal court quickly agreed with the sports leagues, and now New Jersey will have to find an alternative route to taking legal sports bets.Google+
In the latest installment of the National Football League-to-Los Angeles saga, Pasadena City Council members voted 7 to 1 in favor of increasing the annual limit of big-time events at the Rose Bowl from 12 to 25. The motive for adding dates lies primarily in temporarily bringing an NFL team (sic: the Jacksonville Jaguars) to the area while a new stadium in Los Angeles is finalized. While the league, media, and NFL fans across the country would love for the entertainment capital of the world to have a team call Hollywood home the vote’s largest opponent may be its sternest competition: Pasadena residents.Google+
Following the reports of Osama Bin Laden’s death in May of 2011, Pittsburgh Steelers’ running back Rashard Mendenhall took to twitter in an attempt to curb the Nation’s enthusiasm. The remark not only earned him public backlash, but also got him cut from his endorser Hanesbrands’ roster. Mendenhall retaliated in July of the same year by filing a lawsuit against the corporate clothier for terminating his contract. His argument: Does a public figure concede the right to express an opinion that may not coincide with the views of the brand he or she endorses?