CNBC – As another casino in Atlantic City, N.J., plans to close its doors, some believe allowing sports betting could help invigorate a struggling industry. Most states don’t allow wagers on sporting events, thanks to a federal ban. In Nevada, where sports gambling is legal, it accounts for $4.25 million of the $11.2 billion in statewide gaming revenues. ““Sports betting unregulated is a debacle. It’s horrible because it puts money into the wrong people’s hands,” said Bill Pascrell III of Princeton Public Affairs Group. “Why should Nevada and Delaware have a monopoly? … It’s a state’s rights issue,” he said...