Excitement Builds For Sports Bettors

Until May of this year, sports bettors were literally forced to go offshore to place those wagers on teams or players because of a 1992 federal law that prohibited states from making their own laws on gambling. Until this year, that estimated $150 billion spent on wagers was mostly spent offshore or in illegal wagers here at home. These bets were placed on both pro and amateur sports and this is money which can now be brought down to the state level, bringing revenue to struggling locales.

This Ruling is a Milestone

While fans often hit the tables in Las Vegas to place their bets, they can now stay home playing the best classic slots on their mobile phones while waiting for the action to start on that massive flat-screen on ESPN. They can wager their bets on the very same online sites they frequent to play those games and any bets they make "could" be legal now, depending on how their home states rule on gambling.

In other words, this Supreme Court ruling is a milestone in that states can now take the power back from the federal government to once again establish their own laws for their own states. That's a milestone if ever there was one.

A Quick Look at the Professional and Amateur Sports Protection Act

As mentioned above, this law was put on the books (no pun intended) in 1992 through the work of lawmakers like Senator Bill Bradley, a Democrat representing New Jersey. Senator Bradley was a former basketball star on both the college and pro level and he was a vocal proponent of the law, which he said was needed to protect the "integrity of sports." In effect, the law prohibited single states to authorize sports betting and again, this was the reason why the past 26+ years saw fans and gamblers going out of state and offshore to make those wagers.

Imagine what your state's share of that $150 billion could do for your local economies? It's an interesting observation, to say the least. In fact, there are many who say this new ruling could up that number significantly because the fear of 'getting caught and fined' would no longer be an issue.

The Bottom Line

The bottom line is that the Supreme Court's ruling that this law reducing the power of individual states is "unconstitutional." In the words of Justice Samuel A. Alito, Jr., "A more direct affront to the state sovereignty is not easy to imagine." He is said to be writing with the majority in favor of this ruling who felt that the Professional and Amateur Sports Act was akin to placing federal officers in the lawmaking chambers of each state and giving them the authority to tell legislators on the state level what they could and could not vote into law in their respective states.

The bottom line? Now there is no bottom line because states have the freedom to open the doors to legalized sports betting and that is the biggest win of the season, by far.

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