Supreme Court-"OK for states to have sports betting"

Supreme Court-"OK for states to have sports betting"

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Supreme Court-"OK for states to have sports betting"
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Old 05-14-2018, 08:55 PM
ColdNoMore ColdNoMore is offline
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Join Date: Apr 2016
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Exclamation Supreme Court-"OK for states to have sports betting"

Supreme Court Allows States to Legalize Sports Betting | Time

Quote:
The Supreme Court on Monday struck down a federal law that bars gambling on football, basketball, baseball and other sports in most states, giving states the go-ahead to legalize betting on sports.

The Supreme Court ruled 6-3 to strike down the Professional and Amateur Sports Protection Act. The 1992 law barred state-authorized sports gambling with some exceptions.

It made Nevada the only state where a person could wager on the results of a single game.

One research firm estimated before the ruling that if the Supreme Court were to strike down the law, 32 states would likely offer sports betting within five years.

Big money involved.

https://www.cnbc.com/2018/05/14/mark...-decision.html

Quote:

The U.S. Supreme Court decision to allow states to legalize sports betting is great news for investors in the sports and gambling industries, billionaire investor Mark Cuban told CNBC on Monday.

"I think everyone who owns a top four professional sports team just basically saw the value of their team double," the owner of the NBA's Dallas Mavericks said in a "Squawk Alley" interview.

"It can finally become fun to go to a baseball game again."


I'm 'betting' that it will be a huge infusion of money... to the NFL especially.

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sports, betting, states, supreme, court

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