US Supreme Court Opens Up Sports Gambling. What's The Colorado Impact?

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Jim Carroll, head of a group representing state retirees, was also on social media saying sports gambling can provide revenue for pension funding.

The high court has struck down a federal law that had barred betting on football, basketball, baseball and other sports in most states.

The decision allows IL to move ahead with proposals to legalize and tax sports betting, which supporters say would transform a black market industry into one that could produce much-needed revenue.

Some saw other concerns, including for some gamblers.

The Supreme Court has opened the door to legal sports betting in the U.S. "If they want to gamble, they're going to find a way to gamble", Kevin Getler, 56, said as he arrived at the Red Rock Casino Resort on Monday afternoon for a Las Vegas Knights playoff hockey watch party. "Considering the widespread availability of illegal forms of betting, if tax rates are not calibrated correctly, we believe the regulated market's total handle-and win-will suffer as a result", S&P Global Ratings analysts said in a report earlier this month.

The Supreme Court ruling will impact college sports as well as the pro leagues. "New Jersey citizens wanted sports gambling and the federal Gov't had no right to tell them no".

"If you wanted to fix a game in the US, you had to work with the mob and that wasn't attractive to most athletes", Hill said.

Major League Baseball, along with all the other three major American professional sports leagues, had urged the court to uphold the law based off the argument that gambling expansion would hurt the integrity of the game.

Penn National Gaming, which operates Hollywood Casino in Toledo, is interested. If sports betting hadn't been included in 2017's expansion, it would likely have meant years of lobbying to get it passed, he said.

Getting a whiff of its cross-river First State's success, New Jersey pushed a challenge during Chris Christie's administration that finally brought forth the ruling Monday.

"If you house them at existing locations, then it's not expanding gambling", he said.

It's not talking yet about details.

Meanwhile, some Wichita sports fans have found interesting ways to place a bet. "Now it's just about leveraging up depending on what each individual state decides here in U.S".

The pressure on Canadian agencies is coming, Vancouver sports-business commentator Tom Mayenknecht said.

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Assemblyman Eric Houghtaling and Assemblywoman Joann Downey introduced bill (A3911) on May 7 that would allow casinos in Atlantic City and racetracks in this State to conduct wagering on professional and collegiate sport or athletic events.

On one hand, lawmakers might want as much money as possible for the state budget. Those specializing in gambling technology gained 10 percent or more.

Experts, however, cautioned that illegal gambling was unlikely to disappear just because sports fans could make legal wagers and that professional sports leagues would likely take a cautious approach.

"That's always something we have to consider", Millman says, acknowledging the monetary risks of gambling.

Republican Sen. Orrin Hatch of Utah says Congress can not allow uneven enforcement and a patchwork of state laws regarding sports betting result in a "race to the regulatory bottom".

Many states are not waiting for Congress to act.

The leagues are also lobbying at the federal and state levels for a so-called "integrity fee" - a cut of a state's wagering revenue to cover the leagues' costs to ensure games aren't fixed.

Hatch says the 1992 law was created to protect the integrity of athletics from corruption.

"Arizona gaming policy to this point has been measured, regardless of the now-defunct federal legislation", he said. "Given that history, we intend to call on Congress again, this time to enact a core regulatory framework for legalized sports betting", the National Football League said in a statement.

Sports betting legislation "fever" has officially struck the iGaming industry, as the United States Supreme Court ruled in favor of statewide sports betting interests Monday by striking down PASPA prohibitions that have been in place since 1992.

Gov. Greg Abbott and Lt. Gov. Dan Patrick would/will shoot down such a proposed measure like they are on a duck hunt.

For example, last year the PGA Tour hired Genesis Sports to help with its new "Integrity Program" that began at the start of the year.

Prior to the ruling, only Nevada, Montana, Delaware, and OR were exempt from sports betting. Congress remained free to regulate sports gambling directly, he wrote, but it could not force states to do so.