Published: Mon, May 14, 2018
World Media | By Cesar Oliver

NJ Gears Up for Sports Betting Before Court Ruling

NJ Gears Up for Sports Betting Before Court Ruling

Get ready for legalized sports betting.

"It is as if federal officers were installed in state legislative chambers and were armed with the authority to stop legislators from voting on any offending proposals", Alito said. New Jersey argued that the 1992 federal law infringed upon state sovereignty as laid out in the US Constitution by compelling states not to license or regulate sports betting. Freeman said his group would work with states, sports leagues and law enforcement "to create a new regulatory environment that capitalizes on this opportunity to engage fans and boost local economies". Silver added that "regardless of the particulars of any future sports betting law, the integrity of our game remains our highest priority".

The U.S. Supreme issued a ruling this morning that could clear the way for legalized betting on college and professional sports. Technology companies could benefit by building platforms to support that market.

It's a boon for DraftKings and FanDuel, the venture-backed daily fantasy sports platforms. That dwarfs the $5 billion bet in Nevada, the lone state with a legal sports book that preceded the federal law.

However, the practice had been blocked by the Professional and Amateur Sports Protection Act (PASPA) of 1992. It made Nevada the only state where a person could wager on the results of a single game. Americans are estimated to annually place $150 billion in illegal wagers on sports. Stock prices for casino operators and equipment makers surged after the ruling was announced. Trump's administration was on the opposite side of the case, opposing the New Jersey law championed by Christie.

The Supreme Court's ruling to legalize sports betting in New Jersey will have an impact on states across the country.

"The legalization of sports gambling requires an important policy choice, but the choice is not ours to make". "I think it's a pretty good bet that you're going to have ten states with legalized sports gambling by the end of this year". Our job is to interpret the law Congress has enacted and decide whether it is consistent with the Constitution. "PASPA is not", Justice Samuel Alito wrote for the court. She said that instead of using a "scalpel to trim the statute" her colleagues used "an axe" to cut the remainder down. Justice Sonia Sotomayor agreed, and Justice Stephen G. Breyer agreed in part with her dissent.

ESPN detailed California's constitutional amendment regarding sports gambling. The National Hockey League has located a team in Las Vegas, and the NFL's Oakland Raiders are due to follow. "Hundreds of thousands of Minnesotans already wager on sports".

In 2011, Garden State voters overwhelmingly approved sports betting and New Jersey subsequently passed the Sports Wagering Act, permitting licensing and regulation of sports gambling. "While the Court's ruling centered on lofty questions involving states' rights, the real-world consequences of its decision are severe".

Here's the current rundown of gambling legality by state.

We can now shift our focus on commencing sports betting, which will be off and running at Monmouth Park as soon as possible.

MS is one key state to watch as they are one of the few states outside of Nevada to already have numerous casinos in place.

New Jersey has spent years and millions of dollars in legal fees trying to legalize sports betting at its casinos, racetracks and former racetracks.

"There's bills also in West Virginia and I believe in the NY state legislature right now that can be passed very quickly because they've drafted those potential laws waiting for the ruling so the process is there", said Conrad. Professional sports leagues in recent years have begun to shift their views regarding sports betting.

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