The saga of sports betting in the U.S. took another turn Thursday, as the New Jersey Thoroughbred Horsemen's Association, operator of Monmouth Park, filed a lawsuit against the four major sports leagues and the NCAA.
The suit contends the leagues' legal action to stop sports gambling in New Jersey cost Monmouth Park at least $150 million in lost revenue during the court battle that ensued. The NJTHA suit filed Thursday requested sanctions against the leagues.
Monmouth Park's Dennis Drazin told the Asbury Park Press the $150 million figure didn't come out of thin air.
“I'm sure the leagues will have something to say about it,” he said. “We know the leagues are wrong. It's pretty clear we are entitled to damages.''
Specifically, Thursday's motion says the leagues acted in bad faith when they sued to block sports gambling in New Jersey because at the same time they were endorsing fantasy sports games and websites such as DraftKings and FanDuel.
The suit is the latest of several developments since the Supreme Court struck down a 1992 federal law that prohibited states from legalizing wagering on sports.
New to the Paulick Report? Click here to sign up for our daily email newsletter to keep up on this and other stories happening in the Thoroughbred industry.
Copyright © 2019 Paulick Report.