Supreme Court Rules States Can Legalize Sports Betting, Strikes Down Anti-Gambling Law
HOST: "All right listen, there are some big breaking news to tell you about this morning. The Supreme Court has made the decision that could literally transform the way we watch and bet on sports games across the United States. Jennifer Westhoven in now. This is a big deal, right?"
WESTHOVEN: "Huge, huge, yeah. And the first thing I want to say is bear with me, because we’re talking like $100 billion story here and it’s kind of breaking news. We’ve just been really crunching the numbers on this and looking at it, but the state of New Jersey has been trying to legalize betting on sports games like baseball, basketball, football, from their casinos like in Atlantic City, and their horse tracks, like in Monmouth. But there’s a federal law that prevents that. They allow only single game betting in Nevada. That’s why whenever you hear people say, you know, big betters, I’m on the phone to Vegas with my bookie, and it's legal, that’s how they’re doing it. So it's only been allowed in Las Vegas. Not anymore. The Supreme Court just threw that out. It means that some kind of legalized gambling can spread quickly online and to dezens of states after New Jersey won this. Now companies like DraftKings and FanDuel they can try to jump in right away by partnering up with those racetracks and casinos. Now here’s the sort of the ruling itself. The high court sided with New Jersey. They threw out this 25-year-old that’s called PASPA, the Professional and Amateur Sports Protection Act. The court called that unconstitutional. Now, what they said was, while sports gambling is controversial, I mean, they’re acknowledging that a that a lot of people think that it’s hurtful."