Supreme Court Allows Sports Betting But Long Road Ahead
Supporters of sports betting in the US are celebrating following the decision by the Supreme Court overturning the Professional and Amateur Sports Protection Act (PASPA) as unconstitutional.
The decision on Monday paves the way for states in the US to legalise sports betting, of the major sports organisations, NFL, NHL and Major League Baseball have all previously opposed the change to legalise sports betting but over recent times have shown they are open to it.
Although this is a landmark ruling with New Jersey celebrating the most as they will certainly be the first to pass legislation allowing for sports betting as they were the ones leading the charge for a positive ruling by the Supreme Court.
However many industry observers said that although this opens the door to sports betting in the US nationwide there is a long way to go. It is almost certain to be challenged the ruling and then political sides in each state will have to do battle to allow sports betting very much the same as online gambling that although passed and legalised in 2013 only now there are three states currently running legalised online gambling in Delaware, New Jersey and Nevada with Pennsylvania expected to join them this year.
So for sports betting fans the Supreme Court ruling is a big win but the road to seeing it actually be present in many states is a long way off. But for a business that is estimated at $150 billion a year companies like William Hill, Ladbrokes Coral and Paddy Power Betfair that has a presence in the US already will be looking forward to the future there.
Some analysts predict that should sports betting expand rapidly as much as 100,000 jobs could be created.