Christie lauds Supreme Court decision on sports betting

Christie lauds Supreme Court decision on sports betting

Christie lauds Supreme Court decision on sports betting

The Supreme Court decision strikes down a 1992 federal law that prohibited sports betting in most states.

State officials, casinos, racetracks and sports-betting operators have been making preparations and investments in anticipation of the court's decision. So sport wagering will remain illegal in Iowa - at least for now.

Now only Nevada offers legalized betting on sports, but New Jersey officials insisted the federal government could not force them to enforce a congressional ban on wagering on professional and college sports.

"Congress can regulate sports gambling directly, but if it elects not to do so, each State is free to act on its own". The ruling came as the Joint Committee on Economic Development is reviewing a bill that would make daily fantasy sports explicitly legal and create an eight-person special commission to "conduct a comprehensive study and offer proposed legislation relative to the regulation of online sports betting" if the Supreme Court deems any part of PASPA is unconstitutional.

Christie appealed lower court rulings striking down the state law.

Though the National Basketball Association and MLB supported legal sports betting, Fortune called today's decision "a setback for professional sports leagues".

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.

Racing series take wait-and-see approach to ruling on sports betting

Although the laws aren't quite in place yet, New Jersey is already making preparations to expand its casino industry with the introduction of sports betting. The law was passed out of concern that sports gambling might change the nature of sporting events from wholesome entertainment to a device for gambling.

The Supreme Court is expected to announce its decision by the end of June, though it could do so as early as this Monday. There are already ample preparations being made for the Supreme Court ruling that could overrule PASPA as unconstitutional.

But the status quo struck down by the Supreme Court looks nearly quaint in light of increased pressure to legalize sports betting across the board. New Jersey said the Constitution allows Congress to pass laws barring wagering on sports, but Congress can't require states to keep sports gambling prohibitions in place. Again, the courts ruled against the state, prompting Christie to take the case to the Supreme Court. PASPA, Alito wrote, took a different route, regulating the behavior of state governments, an impermissible overreach.

West Virginia and 17 other states, and the governors of three more, sided with New Jersey in the case.

What's next for NJ sports betting?

"Today's decision is a victory for the millions of Americans who seek to bet on sports in a safe and regulated manner", said Geoff Freeman, president of the American Gaming Association. He wants to ensure Minnesota can capitalize on sports gambling revenues before the market is dominated by offshore companies.

More news: Vegas Golden Knights to play Saturday, May 12

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