The U.S. Supreme Court issued a landmark ruling in May in favor of New Jersey and the state’s thoroughbred horsemen’s joint bid to have a 1992 federal ban on most sports betting voided, paving the way for a number of states to legalize the activity.
But that wasn’t enough for the horsemen.
Instead, they filed a lawsuit soon after seeking not only payment of a $3.4 million bond that had been posted by the NFL, NCAA, and three other sports organizations in 2014, but also another $150 million in damages stemming from a court injunction that at that time prevented Monmouth Park — the horsemen’s home racetrack — from offering sports betting.