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Supreme Court ruling favors sports betting
15 May 2018, 03:11 | Katrina Lee
Las Vegas no longer has a monopoly on sports gambling. More
North of the border, provincial gaming agencies like B.C.'s Sports Action have always been permitted to take parlay bets, which means more than one game at a time.
But all bets are about to be off with the governing of sports betting now with Monday's Supreme Court decision in the case of Christie (now Murphy) vs. the NCAA, which essentially overturns the 1992 Professional and Amateur Sports Protection Act, which had essentially made such gambling illegal everywhere except Nevada, Montana, Oregon and little ol' DE, the four states that had met a 1991 deadline to offer state-run betting. According to the Center for Gambling Research, Colorado is one of 16 states expected to offer sports betting within the next two years.
Lawmakers already have held hearings about how they might legalize sports betting, but it's unclear whether they can approve legislation by the end of May, when the General Assembly is scheduled to adjourn. Other states such as DE and NY are now readying to legalize sports gambling.
Many states are not waiting for Congress to act. He says casinos could possibly offer their own form of the betting, or utilize the Kansas Lottery game. The online service would be limited to IL residents. Another 1 percent "integrity fee" would be added, which would pay for professional sports leagues to monitor games and ensure they are contested honestly.
Grand Falls management is eager to get a sports book open on site as well as a mobile betting app as soon as Iowa lawmakers hammer out the details.
Gov. Bruce Rauner, speaking at a news conference Monday, did not take a position on sports betting.
"I believe that gambling used to be a small personal pleasure, now it is an evil activity that is created to addict people to the gambling itself", said Dan Rouser of Wichita.
"I don't believe this is the answer, I don't think that sports betting or the gaming expansion is good for my county or the area", he said.
According to research by UNLV's Center for Gaming Research, legal sports betting in Nevada totaled almost $5 billion previous year, led by football - both college and professional - which accounted for $1.76 billion.
"It's the same reason we've seen the spread of casinos to so many states - the states have been watching consumers going out of state to place bets", said Josh Schiller, an attorney who has represented various gaming interests.
That would allow bookies to undercut the market by having lower expenses and offering better odds and bigger payouts, he said.
As an example, Swoik cited the law that allowed video gambling, originally sold as a way to help existing bars, restaurants and charitable organizations.
When Pennsylvania opened the door to online Lottery and mini-casinos a year ago, lawmakers placed a side bet on the possibility that the U.S. Supreme Court would give the green light to sports betting, as well.
Baseball suffered one of its biggest scandals when eight members of the Chicago White Sox, including star outfielder "Shoeless" Joe Jackson, were accused of throwing the 1919 World Series in exchange for money from a gambling syndicate.
Actually, it's not a very profitable business.
The change is not going to be rolled out nationwide immediately but several states are already considering cashing in on sports betting.
Bottom line: What happens in Vegas no longer legally has to stay in Vegas.
The decision provoked a sharp rise in the share price of UK-based wagering operators such as William Hill and Paddy Power Betfair, who both already have a presence in the United States and will no doubt be looking to expand their operations.
"With people having computers and cellphones, if they could bet anywhere 24 hours a day, it would be nonstop gambling", she said.
New Jersey's law, championed by Republican former Governor Chris Christie, was challenged in court by the National Football League, Major League Baseball, the National Basketball Association, the National Hockey League and the National Collegiate Athletic Association, the major governing body for intercollegiate sports.
"The Pennsylvania legislature saw Sports Wagering as a key element of overall gaming expansion, and took the initiative prior to this decision to authorize Sports Wagering which does provide some guidelines on implementation", he said.
Chicago Tribune's Kim Geiger and Bill Lukitsch and The Associated Press contributed.
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