The United States Supreme Court has ruled that states will now be able to make the individual choice as to whether or not they want to allow sports betting. In a 6-5 decision. It actually states that it is unconstitutional for state legislators to enact legal frameworks that would prohibit gambling in sports.
So now the rest of the country can join Las Vegas in betting on their favorite teams.
It is the start of gambling deregulation that could well sweep across the country at record speeds. It would not only cut back on illegal sports books (which are worth an estimated $400 billion a year), it could also supply a much needed extra tax revenue for cities.
The illegality of sports betting came about with the PASPA Act that sought to protect sports from undue pressure. The opinion given by the SCOTUS stated:
“PASPA does not make sports gambling itself a federal crime. Instead, it allows the Attorney General, as well as professional and amateur sports organizations, to bring civil actions to enjoin violations.”
In a vast majority of countries, gambling is not illegal (although there are strict laws on it). In the UK for example, the fastest growing betting market is that of politics. People who may not even have an interest in sports can indulge themselves by taking any one of a million or more bets on political happenings across the globe.
For example, right now, the bookies favor a Senate majority for the Republicans in the midterms and almost no chance of Donald Trump being impeached!