ME behind the eight ball as states sprint to legalize sports gambling

Tanya Simon
May 17, 2018

Instead, however, it gave New Jersey, alone among the 46 states that did not already have such betting, one year to adopt it, after which New Jersey would be forbidden to do so.

Twenty-six years ago, sports leagues had pushed for the federal law, ruled unconstitutional Monday, which prohibited states outside Nevada from legalizing live betting on sporting events. Nevada has always been the only state to allow single-game wagering on professional and amateur sports and the Supreme Court ruling doesn't change that. He is a professor of constitutional and global law at Harvard University and was a clerk to U.S. Supreme Court Justice David Souter. KHTS mixes in a combination of news, traffic, sports, and features along with your favorite adult contemporary hits. New Jersey's horse tracks and Atlantic City casinos are expected to be prime outlets.

The NFL called on Congress "to enact a core regulatory framework for legalized sports betting", essentially asking federal lawmakers to make a uniform code before state legislators create differing laws.

"It's not yet for sure, but in the best case scenario, we could have sports betting up and running by the time football season starts in late August", he said. "I think this is something that benefits everybody". "I'm starting to think it might be a shot in the arm for all our casinos". Politicians see taxing legal sports betting as a less painful source of revenue than, say, raising the gas tax, Clary said, noting this could become an issue in this year's gubernatorial election.

"There's a huge tidal wave of gaming and online gaming that's going on... to roll that back now is not something that anyone could seriously consider", Ruddock said. "I programmed them all", he said. "It's not about what particular things I'm betting on, it's the fact that I just bet".

"There have been several issues discussed", he said. "There was some significant progress made".

"I think the convenience of having something on your phone where you can go on and just click whatever you want and deposit your money that way. i think the convenience of having sports betting on your phone is a good thing", says Bush.

On May 14, the U.S. Supreme Court, in a 6-3 ruling spurred by both conservative and liberal-leaning justices, authorized nation-wide sports betting. The federal law barred most states from allowing sports wagering.

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Sports betters watch the Golden Knights play the San Jose Sharks during the second round of the National Hockey League playoffs at the Green Valley Ranch sports book in Henderson on Thursday, April 26, 2018.

MLB released a statement acknowledging the court's decision would have a profound effect on Major League Baseball. States now are free to legislate on the issue any way they choose.

The professional sports leagues were on the losing side Monday, but will find ways to profit from betting on their products. A lot of people when there are sports, they're not here in town.

"Sports are played on a national and sometimes worldwide stage, crossing state borders and involving residents of numerous municipalities", said Rummy Pandit, a gambling analyst with New Jersey's Stockton University. With being able to bet on sports instead more people will be here in Vicksburg. "Regarding all the potential manifestations in a negative way, I don't really see that".

Based on a proposed state tax rate of 10 percent on general gross revenues from sports betting, the firm predicts an additional $13.4 million in annual tax revenue coming to the state in the first year of sports betting, with the amount rising to $28.7 million by year five.

FADEL: Murren says MGM hopes to expand sports betting to their other properties when other states begin permitting and regulating it. This would be available to those who already have player's memberships previously established at the casinos.

And soon enough, Sturm and his friends might be able to make these bets - legally and in person - closer to their homes in Austin, Texas. The technology involved would disallow bets from outside the Mountain State's borders.

"If someone can tell you how much money that is going to bring to the state, they're lying to you because nobody knows", Sanders said.

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