New York Business Journal – New Jersey’s plan to legalize sports betting suffered a blow when a federal court ruled that the state’s law conflicts with federal law and, therefore, cannot move forward. According to a report by the Associated Press, a panel at the 3rd Circuit Court of Appeals backed an earlier ruling that the 1992 Professional and Amateur Sports Protection Act precludes New Jersey from legalizing sports gambling, since that law only allows that activity in Nevada, Oregon, Montana, and Delaware. The National Football League, National Basketball Association, Major League Baseball, National Hockey League, and the National Collegiate...