Supreme Court's Historic Ruling Paves Way For Legalized Sports Betting

Major league executives are taking meetings with bookies

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Additionally, some 15 other states - including NY and IL - have introduced bills to legalize and regulate sports betting tied to the Supreme Court outcome. According to ESPN, Mississippi, West Virginia, Pennsylvania and CT are all states that recently passed bills that allow them to join New Jersey in acting quickly in response to the Supreme Court ruling.

Some states were grandfathered in at the time that law was passed but Nevada was the only state which was given the right to allow all forms of sports wagering. "Hundreds of thousands of Minnesotans already wager on sports".

On Monday, the supreme court struck down a federal law that banned sports betting in nearly every state across the country.

With PASPA stricken down, states now can establish their own regulated sports betting.

The Supreme Court's ruling in favor of New Jersey in the case of Murphy vs. Now this truly could open the floodgates for legal gambling in other places across the country. The PGA Tour recently joined the National Basketball Association and MLB lobbying coalition, with the MLS and UFC among the other sports leagues that have spoken favorably about legalization. New Jersey has fought for the better part of this decade to legalize sports gambling in its state and now has won this monumental ruling. As a result of the ruling, individual states will now have control over whether to allow sports gambling.

"Today's decision is a victory for the millions of Americans who seek to bet on sports in a safe and regulated manner", Freeman said following Monday's ruling.

Countrywide, Americans spend an estimated $150 billion on illegal sports betting each year.

New Jersey had been trying to change the law since the state modified its state constitution in 2011, SB Nation reported.

You will be able to bet with a legal operator at Atlantic City casinos and the state's racetracks as soon as they are ready to go. There have also been exceptions for Montana, Oregon and DE, which had already approved some form of sports betting before the 1992 law took effect.

During oral argument in December, several conservative justices said the law impermissibly "commandeered" states to keep their bans on the books.

PASPA prohibited states from sponsoring, operating, advertising, promoting, licensing or authorizing sports gambling. It gave the other states one year to legalize such betting, if they wanted to.

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