In case you missed the news earlier this morning, the US Supreme Court has officially ruled that the federal ban on sports betting is unconstitutional. What this means is that the floodgates are now officially open to allow sports betting across the entire USA.
BREAKING: U.S. Supreme Court rules that federal ban on state-sanctioned sports betting is unconstitutional. Decides case in favor of New Jersey. Floodgates now officially open for other states to allow sports betting. #RIPPASPA
From this day forward, any independent corporation looking to get into the sports betting business has free reign to do as they please. As for sports fans, they can now legally gamble money on football, baseball, basketball, golf and, of course, hockey. This means that companies like DraftKings and FanDuel will likely see a flood of competition in the betting business in the coming months.
How cool will it be to legally put down $5 or $10 online while watching games on TV?
Here’s the full account of today’s ruling courtesy of CNN:
Washington (CNN)The Supreme Court cleared the way on Monday for states to legalize sports betting, striking down a 1992 federal law that had prohibited most states from authorizing sports betting.
The 6-3 ruling is a victory for New Jersey and other states who have considered allowing sports gambling as a way to encourage tourism and tax revenue. The NCAA, NFL and NBA had backed the federal prohibition.The court said the federal law violated constitutional principles limiting the federal government from controlling state policy, unconstitutionally forcing states to prohibit sports betting under their own laws.
"The legalization of sports gambling requires an important policy choice, but the choice is not ours to make," Justice Samuel Alito wrote in the 6-3 opinion. "Congress can regulate sports gambling directly, but if it elects not to do so, each state is free to act on its own."
Again, even if you're not a fan of sports betting, this is an absolute win for sports fans everywhere. While we can expect several third party companies to jump on the sports betting bandwagon, it'll be interesting to see how leagues like the NHL deal with this legislation. Technically, the league is now legally allowed to facilitate betting on its own games in the USA. Interesting times.