This morning, the U.S. Supreme Court ruled that the gambling on sports is now legal. Now it’s up to each state to put it into motion.
Via cnbc.com/Michael Sheetz:
The court upheld the legality of a 2014 New Jersey law permitting sports betting at casinos and racetracks in the state and voided the federal Professional and Amateur Sports Protection Act. Some states see sports betting, like lotteries, as a potentially important source of tax revenue.
The Supreme Court justices struck down the entire federal law on a 6-3 vote, with Justices Ruth Bader Ginsburg, Sonia Sotomayor and Stephen Breyer dissenting.
“The legalization of sports gambling requires an important policy choice, but the choice is not ours to make. Congress can regulate sports gambling directly, but if it elects not to do so, each state is free to act on its own,” Justice Samuel Alito wrote in the majority opinion.
And now we go. I don’t think people realize how big of a deal this is in the sports world. We are close to a world where you can wake up on the first Thursday of March Madness, go to the local sportsbook and put money down on teams that you think are going to win that day. New Jersey has already had everything ready to roll and in the wings and now they should be taking bets within two weeks.
Now we have to hope Minnesota realizes they don’t want to miss out on the MASSIVE money that could come their way. It sounds like our best hope for this is going to be Pat Garofolo, who is a member of the Minnesota House of Representatives. He’s been vocal on the issue and trying to push things forward. If Minnesota gets something passed, more than likely we will have Rep. Garofolo to thank.
But for now, we wait.