US Supreme Court ruling opens way for sports betting

Las Vegas no longer has a monopoly on sports gambling. More

Las Vegas no longer has a monopoly on sports gambling. More

The ruling reversed a law established in 1992 that prohibited most states from betting on sports.

In its ruling on the 26-year-old law, the high court said individual states must decide on whether to allow sports betting.

As it stood, Nevada was the only state where you could bet on the results of a single game.

So sport wagering will remain illegal in Iowa - at least for now.

"The timing would have been great to have had this done four weeks ago", added Ehrecke.

Rep. Jason Nemes, R-Louisville, spent the day with legislative staff researching legislation to allow sports gambling in Kentucky and he hopes to file legislation in time for the 2019 General Assembly which convenes next January.

"It's about time. Let's get this done. They limit to $5 a bet, and I think it's a maximum of $50", Burke adds.

However, Danielsen said the bill is by no means a lock. "We would legalize it and control it", says Kessinger.

"I think that could be good for all around". So sports betting can be the least profitable part of the casino, or even a money loser, according to experts. The NFL said it intends to call on Congress to "enact a core regulatory framework for legalized sports betting".

The court, in a 6-3 ruling, struck down a federal law that required states to ban gambling on the outcome of sporting events. It voided the federal Professional and Amateur Sports Protection Act. She said the biggest question about allowing sports betting within Colorado's borders is whether it could be done by legislation or would require a ballot measure. And Tony Rodio, president of Tropicana Entertainment, said his Atlantic City casino will offer sports betting once it can get it up and running.

Justice Samuel Alito wrote for the court, "The legalization of sports gambling requires an important policy choice, but the choice is not ours to make". He said that while the financial gain would be huge for the leagues and the states that would benefit from it, the integrity of professional sports is at stake.

Casinos would likely join in as well. Meanwhile, an estimated $150 billion is illegally gambled every year in the country.

"The governor has always opposed state authorized gambling and still does today - it simply flies in the face of everything SC stands for", McMaster's spokesperson Brian Symmes said in a statement to News 19. "Right now I guess it's just wait and see", Champion says.

"They've been looking for some way to reach out and grab the younger people".

Area tourism leaders don't believe sports betting will spur massive casino redevelopment, but they do say it could draw a different, younger crowd to Tunica, especially on the weekends. While Maine isn't among those states, it could be the stage for a lobbying battle between existing gambling operators with Las Vegas parent companies and online insurgents that already boast over 14 million users.

'Deadpool 2' tries to have it both ways
Sadr headed for first place in Iraq election -commission