By this time, New Jersey figured it would be raking in the bets on professional and college sports.

Mario Tama, Getty Images

But with its two-year bid to offer legal sports betting stalled and relying on a long-shot appeal to the U.S. Supreme Court, the only madness this March will bring New Jersey is anger that things did not turn out quite the way it hoped.

A handful of state legislators and Atlantic City's mayor held a news conference Wednesday to tout the benefits of sports betting.

But the effort to allow betting on pro and college sports depends on the high court accepting the case and ruling in favor of New Jersey -- no sure thing.

Atlantic City Mayor Don Guardian says being locked out of a lucrative source of money is unfair.

 

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