NJ's Long-Shot Rehearing Bid May Pay Off In Betting Case

By Zachary Zagger (September 9, 2015, 10:39 PM EDT) -- After the Third Circuit shot down New Jersey's second attempt to allow sports betting last month, experts say the state's bid for rehearing has a chance to succeed despite long odds, giving hope to sports betting proponents.

In a 2-1 panel decision last month, the Third Circuit ruled that New Jersey's lifting of sports betting prohibitions amounted to an "authorization" of sports betting that is banned by the federal Professional and Amateur Sports Protection Act of 1992. 

The decision cooled momentum toward legalized sports betting in the U.S., as an opposite result would not only have opened the door to sports...

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