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What SCOTUS ruling on sports betting could mean for Kentucky

What SCOTUS ruling on sports betting could mean for Kentucky

Most, like IL, still have to pass the requisite legislation, ensure would-be operators meet state requirements and other advance work.

Legal sports gambling is now no longer reserved just for Nevada.

An oddsmaker at one Las Vegas resort sees little chance that betting in other states will siphon business away from Las Vegas.

Shares of casino and racing facility operators also rose.

But that might also be explained by the basis on which the court ruled - the 10th Amendment.

Gov. Bruce Rauner, speaking at a news conference Monday, did not take a position on sports betting. Instead, he said, 5,000 new businesses have been created - majority gambling cafes. But will a company built for a user base who will largely fail as gamblers have more trouble retaining subscribers than the average newspaper? "This will ultimately help taxpayers by bringing in more State revenue, as well", said Assemblywoman Joann Downey.

New Jersey is expected to be the first state to enact new legalized sports betting laws, with others to soon follow. Orrin Hatch of Utah, who said Monday he will introduce sports betting legislation.

Penn National Gaming, which operates Hollywood Casino in Toledo, is interested.

Now, as major American sports leagues prepare for rapidly approaching betting regulations, the media landscape is shifting too.

Musburger says sports betting and influence scandals are rare, and all that bookmakers in Las Vegas want is integrity and honesty. Expect a few bold political leaders to create a headline or two and lobby to allow sports gambling to be permitted in our state.

It's not talking yet about details.

The AGA predicts $150 billion are place on sports bets illegally every year.

Las Vegas-based Caesars operates 47 casinos in 13 US states and five countries.

The ruling "opens up the floodgates" for sports gambling in any state that wants to have it, said Daniel Wallach, a sports law expert in Florida.

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Pennsylvania lawmakers prospectively legalized sports betting last October in a sweeping casino expansion law. As a subscription-based service, Action snuffs out any inkling of branded editorial, focused exclusively on serving sports junkies with in-depth reporting "to be smarter about the games they're watching", says Millman.

Assemblyman Eric Houghtaling and Assemblywoman Joann Downey introduced bill (A3911) on May 7 that would allow casinos in Atlantic City and racetracks in this State to conduct wagering on professional and collegiate sport or athletic events.

At the moment Texas is not one of them.

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".

A US Supreme Court decision Monday allowing states to legalize sports betting brought integrity worries for sports leagues, the National Basketball Association and NFL among those seeking a federal regulatory framework. All gambling activities are prohibited by the state constitution unless a specific activity is authorized in state law.

The leagues are also lobbying at the federal and state levels for a so-called "integrity fee" - a cut of a state's wagering revenue to cover the leagues' costs to ensure games aren't fixed.

Kentucky may have not been prepared for the U.S. Supreme Court ruling Monday that struck down a prohibition on state sports gambling, but it didn't take long for a couple of legislators to react.

The tour a year ago established a program that requires players on all six circuits the PGA Tour manages to take part in an online tutorial that, among other things, illustrates some of the far-reaching effects of gambling.

The Supreme Court has said that the federal government may not commandeer state resources to achieve federal objectives.

Silver said the league would "remain active" in ongoing discussions with state legislatures in the wake of the Supreme Court's ruling.

The law exempted Nevada, where sports betting has always been legal, along with sports lotteries in Delaware, Montana and Oregon.

Major League Baseball said in a statement the ruling would have "profound effects" on the league. But, he made sure to add then, "we have to make sure we are operating in an environment where we can protect (the) integrity of the game".

Major League Baseball said it would continue supporting legislation "that creates air-tight coordination and partnerships between the state, the casino operators and the governing bodies in sports toward that goal".

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