The US Supreme Court has reached a decision in the New Jersey sports betting case, ruling to repeal PASPA.
For months now, sports betting enthusiasts have been waiting to hear the verdict in the sports betting case involving the state of New Jersey. The case made it all the way to the United States Supreme Court, the last stop before the state would basically have to give up any effort of seeing the activity legalized in the nation. Today, SCOTUS ruled in favor of the state regarding the case, which will allow sports betting to be legalized and regulated. This ruling brings an end to a five year struggle by state which cost a minimum of $8.6m.
Sports Betting is a Go
The court ruled in favor of New Jersey with a vote of 7 to 2 on the subject, with the Professional and Amateur Sports Protection Act to be repealed. The federal ban on single game wagering outside of Nevada is no more and states that have passed sports betting legislation into law are now able to offer services.
The ruling of the court was as follows:
So, What’s Next?
Now that the ban has been lifted, the state will be ready to move forward. Partial legislation involving sports betting is already in place for NJ from 2014. This law removes some of the prohibitions within the state, so now, regulators and lawmakers will need to create a framework, so the industry can get started.
This process should move along fairly quickly. A bill was recently introduced within the Assembly that is already gaining ground. This measure would allow the casinos of the state as well as horse betting racks to provide sports betting with the Division of Gaming Enforcement overseeing the new industry.
Monmouth Park is one location already suited up to offer sports betting. The company will no doubt be the first to begin wagering options as they have partnered with William Hill and already had a sports lounge in place in anticipation of the SCOTUS ruling.
Other gaming venues in the state should follow suit shortly thereafter. Reportedly, the Borgata has multi-million dollar plans to create a sportsbook and Ocean Resort Casino also wants to offer a top notch sports betting facility.
Other States Progress
Several other states have legislation in place like New Jersey in preparation of sports betting being legalized across the board in the US. Connecticut, Mississippi, New York, Pennsylvania and West Virginia all have laws in place ready to get started with sports betting. With the SCOTUS ruling, these states can now move forward with offering sports betting services.
Now that the ruling has been made, it would not be surprising to see even more states pass sports betting legislation. The gambling landscape of the nation is about to change on a grand scale. The sports betting industry has the potential to bring in hundreds of millions of dollars of revenue into the US and many states are eager to begin earning their share!