Following, U.S. Solicitor General Jeffrey Wall's recommendation that the U.S. Supreme Court should not hear New Jersey's case to allow sports betting at casinos and racetracks in the state, a new proposal could soon be on the table.
On Thursday, May 25, Congressman Frank Pallone, Jr. (D-6) released a discussion draft of a comprehensive gaming bill, the Gaming Accountability and Modernization Enhancement Act, or GAME Act, which allows states to legalize sports betting and online gambling if appropriate consumer protections are also in place.
"Despite the federal gaming laws in place today, Americans are betting up to $400 billion a year on sporting events alone," Pallone said in a release. "It's time to recognize that the laws are outdated, and the GAME Act will modernize them by increasing transparency, integrity, and consumer protections."
Although the Supreme Court could still choose to hear the case, Pallone's bill would offer a different route. The GAME Act is intended to remove the federal obstacles to legalized gambling at the state level. It does not create a federal framework for gambling and instead allows states that choose to legalize and regulate sports betting and/or online gambling to do so.
The discussion draft removes federal barriers in states that have implemented basic consumer protections, including mechanisms for age and location verification; safeguards to protect privacy and data security of players; and recourse mechanisms for consumers.
Monmouth Park in Oceanport would be one of the biggest winners if the bill was eventually adopted as it would add a new revenue stream the racetrack desperately needs.