Supreme Court gives go-ahead for sports betting nationwide

Supreme Court gives go-ahead for sports betting nationwide

With the Supreme Court of the United States' (SCOTUS) 6-3 decision to strike down the 1992 Professional and Amateur Sports Protection Act (PASPA), the contentious federal law that has for the past 25 years prohibited sports betting in the vast majority of USA states, a black market worth anywhere between US$150 billion and US$190 billion annually is set to come out of the shadows. That could create an entirely new advertising category that radio managers might want to keep their eyes on.

The majority decision, authored by Justice Samuel Alito Jr., held that Congress lacked the authority to impose the federal Professional and Amateur Sports Protection Act, enacted in 1992.

The federal government and all four major USA professional sports leagues and the NCAA had urged the court to uphold the federal law, with the leagues saying a gambling expansion would hurt the integrity of their games. DraftKings chief executive Jason Robins said on Monday his company would enter the sports betting market and "harness our proven technology to provide our customers with innovative online sports betting products". "Establish an account. Get a secure password for a web portal to then be able to place bets online, still back in that bar with your friends if that's what you want to do, or come into the casino to do that", Iowa Gaming Association President Wes Ehrecke said.

Now as more and more states passed laws allowing for casinos, the losses mounted for Texas: A study in 2013 found Texans spent $2.96 billion gambling in casinos in New Mexico, Oklahoma, Arkansas and Louisiana. Delaware, Mississippi and West Virginia are among the states that also appear poised to move quickly.

Texas Governor Gregg Abbott has shown little interest in sports betting and Texas Attorney General Ken Paxton in 2016 issued an opinion that deemed paid fantasy sports websites to be illegal gambling.

For decades, the National Football League has opposed the legalization of sports betting over fears that it would impact the integrity and public perception of the games.

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With the Supreme Court ruling, MS casinos are expected to get in on the game.

"Congress has long recognized the potential harms posed by sports betting to the integrity of sporting contests and the public confidence in these events. According to information provided by Stop Predatory Gambling, 'the American people lost $117 billion on state-sanctioned gambling in 2016, causing life-changing financial losses for millions of citizens.' The problem of predatory gambling will be made far worse if sports gambling parlors are allowed to operate in the commonwealth of Kentucky".

Right now, sports betting apps work by using the phone's Global Positioning System to know whether the user is in a state or city that allows sports betting. "I would think so", he said in a text message.

But some groups, such as conservative, Lexington-based group The Family Foundation, strongly oppose legalizing sports gambling. They plan to offer sports betting soon. Those specializing in gambling technology gained 10 percent or more.

In the wake of the decision, many cash-strapped states will presumably jump at the chance to grab a slice of Nevada's gambling business. Industry analysts have said that dozens of states might legalize sports betting if legally permitted.

Every state's approach to regulation will be different to some degree; resulting in a complex marketplace and a need for clear strategic decisions and counsel. Will they offer sports betting?

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