US Supreme Court makes sports betting a possibility nationwide

Supreme Court makes sports betting a possibility nationwide

It's about putting illegal sports gaming out of business. Rather, PASPA banned states - outside those given exemptions - from regulating (and taxing) sports betting. Over a dozen additional states have introduced legislation in the past few years in an effort to join them.

The panel of judges voted 6-3 in favor of overturning the ban, which now opens the door for sports betting in all 50 USA states - until now only Nevada was allowed to offer sports betting. In fact, PGA TOUR commissioner Jay Monahan has already commented on this, stating "t$3 he PGA TOUR reiterates its support of the regulation of sports betting in a safe and responsible manner".

Now that the states hold the power to legalize sports betting, what does this mean for the four major sports (football, basketball, baseball, ice hockey) and the NCAA? The 1992 law barred state-authorized sports gambling with some exceptions.

States that choose to allow sports wagering will now be allowed to do so. PAPSA prohibited states from legalizing sports betting, even though the practice was allowed in Nevada, Delaware, Oregon and Montana.

Now that it's legal, what barriers remain?

.

It was Chris Christie who started the push to legalize sports gaming over two years ago. Do you think this is a good decision? The NHL already has a franchise in Las Vegas, the Golden Knights, so they already nearly have a years' experience of how to handle a franchise in a state where betting is allowed. That holds true for all pro sports.

The NBA and Major League Baseball, seeing the potential of PASPA's repeal, have pushed the idea of a 1% sports integrity fee.

"Today's U.S. Supreme Court decision is not about whether sports gambling should be legal, but whether States should have the right to decide that question for themselves".

Christie wasn't alone in banging the drum to make sports wagering legal. There's little chance it will get a floor vote as Congress is consumed by other issues ahead of the midterm elections.

"Obviously, this is something that we'll be talking to our colleagues in the state legislature about, probably starting today", said Governor Charlie Baker.

Neil Wilson, chief market analyst at markets.com, said that William Hill stands to gain the most following the ruling because it "can roll out gambling operations pretty swiftly from Nevada, where it already operates and has very strong market presence".

"I don't see Frank Pallone's bill as a relevant piece of legislation", said Wallach, a partner at Becker & Poliakoff.

It could also have an effect on the Trump administration's crackdown on sanctuary cities and states, in which state and local governments have directed law enforcement not to cooperate with federal immigration authorities - an act of autonomy that could potentially be upheld under the anti-commandeering doctrine.

The only dissenting justices in the Supreme Court decision were Justice Ruth Bader Ginsburg and Justice Sonia Sotomayor. The NBA says it would prefer a new federal law to set nationwide standards.

"Some of that 1 percent of betting fees is going to come from people with uncontrollable gambling problems", Whyte said.

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