New Jersey’s sports betting law was struck down by an Appellate court decision. The court held that PASPA (the Professional And Amateur Sports Protection Act) prohibits states from authorizing by law sports gambling, and that the NJ law violates the federal law for purporting to do so. The court also ruled against a constitutional challenge to PASPA. This is a setback for NJ in connection with its efforts to revitalize its beleaguered casino and racetrack industries via sports betting. Ironically, this decision comes just days after New York passed a law legalizing Daily Fantasy Sports.

For now, if you want sports action in the tri-state area, you can bet on fantasy sports, but not real ones.