U.S. Supreme Court paves way for making sport betting legal

Team SoOLEGAL 15 May 2018 8:44pm

U.S. Supreme Court paves way for making sport betting legal

Washington: It is a start of a new era for the leading U.S. sports league as there long pending demand for making betting in the sport legal is getting fulfilled as the U.S. Supreme Court struck down a 1992 federal law that barred betting in most states. The ruling voided the federal Professional and Amateur Sports Protection Act and upheld the legality of a 2014 state law permitting sports betting at New Jersey casinos and horse racetracks.

The Supreme Court accepted New Jersey’s argument that the federal law infringed upon state sovereignty as laid out in the U.S. Constitution by compelling states not to license or regulate sports betting. The ruling was a split one, with six voting in favour and three against.

So far betting was allowed in Las Vegas and few other states. The other states considered this stipulation as unfair and robbed them of potential taxes running in thousands of dollar.

“New Jersey has long been the lead advocate in fighting this inherently unequal law, and today’s ruling will finally allow for authorized facilities in New Jersey to take the same bets that are legal in other states in our country,” New Jersey Governor Phil Murphy, a Democrat, said in a statement.

The news led to sharp rally in gaming stocks, sending several of them to record highs.

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

Tagged: U.S. Supreme Court   U.S. sports league   Federal law  
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