News & Press: Industry Related

U.S. Supreme Court strikes down federal ban on sports betting

Wednesday, May 16, 2018  
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U.S. Supreme Court strikes down federal ban on sports betting

In a landmark decision that will forever alter the American sports landscape, the U.S. Supreme Court struck down a federal law prohibiting sports betting on Monday, opening the door for states to legalize and regulate a billion-dollar industry which, for years, has thrived illegally offshore.

That all changed on Monday, as the Supreme Court ruled, 6-3, in New Jersey’s favor, deeming it unconstitutional under the 10th amendment for the federal government to impose a ban on sports betting.

“The legalization of sports gambling requires an important policy choice, but the choice is not ours to make,” Justice Samuel Alito wrote in the Court’s opinion. “Congress can regulate sports gambling directly, but if it elects not to do so, each state is free to act on its own.”  Read More.



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