Looks like you won’t have to travel all the way to Las Vegas if you’re looking to get in on a little sports betting action. The U.S. Supreme Court has just made sure of that today, when they voted to allow other states to get in on the bookmaking action and take in their cut of the huge profits from sports betting.
NBC News (@NBCNews) reports, the Supreme Court ruled 6-3 in favor of striking down a federal law that required stated to ban gambling on the outcome of sporting events. The Professional and Amateur Sports Protection Act was considered highly unusual by most people. The act did not ban sports gambling nationwide as a matter of federal law, but it said that states were not allowed to permit it. Nevada was grandfathered in when the law was passed in 1992.
States across the country are reportedly preparing to cash in on the Supreme Court’s decision immediately. None more-so than New Jersey, whose former Governor Chris Christie had long challenged the gambling ban. Christie argued that it violated the 10th amendment, which the Supreme Court has said prohibits federal laws that compel states to carry out dictates. Christie argued that the gambling law commandeered the states by forcing them to prohibit sports wagering. Well, Christie and New Jersey’s residents won’t have to worry about that pesky law anymore. The Supreme court’s ruling could not have come at a better time for New Jersey. With multiple casinos opening up in Philadelphia, New York, and Delaware, New Jersey’s Atlantic City casinos has lost at least 75% of their annual revenue from gambling profits over the last 10 years or so. Sports betting just may give New Jersey’s casinos a b12 shot in the arm that the state desperately needs right now.