Frank Pallone gives up on federal sports betting bill

New Jersey Rep. Frank Pallone has said that he will no longer work to pass a bill he authored that would provide federal regulations for sports betting.

According to Gambling Compliance, Pallone told the National Congress of American Indians (NCAI) that federal controls given by the proposed Gaming Accountability and Modernization Enhancement (GAME) Act were no longer sought by him.

“Right now, my own position is—and I’m only speaking for myself—that we shouldn’t move with any federal legislation [for sports betting],” he said.

Pallone also recognized that initiatives in New Jersey and other states have been a “tremendous success,” revenue-wise. Last August, New Jersey posted $9.2 million in sports wagering revenue, wherein $95.6 million of wagers was handled.