Expanding sports betting

Right now, if you want to place a legal bet on an NCAA game you've got to be in Vegas. But thanks to the economic collapse, a legislator is trying to break the monopoly LV has on sports betting.

TRENTON, N.J. (AP) — From March Madness brackets to Super Bowl pools to illicit back room wagers, people bet on professional sports games every day. But they can do it legally only in four states, and only two states currently offer state-sanctioned sports wagering.
With Atlantic City casinos in a financial free fall and New Jersey's budget in shambles, a state lawmaker filed a federal lawsuit Monday against the Justice Department that seeks to overturn a U.S. ban on sports betting. The casinos and their political allies say letting people bet legally on sporting events would let all 50 states in on a lucrative revenue source.

Lawsuit seeks to allow sports betting nationwide