determine its own sports betting laws<\/a>. The court is expected to release its ruling in 2018.<\/p>\n<\/div>\nNew Jersey voters approved an amendment to their state constitution in 2011 to allow the Legislature to pass sports gambling regulations giving horse racetracks and Atlantic City casinos the right to operate sportsbooks. The NCAA, along with the NFL, MLB, NBA, and NHL, interjected with a lawsuit to block such gambling, and to date their efforts have succeeded.<\/p>\n
New Jersey argues that PASPA violates the US Constitution, as it forces some states to adhere to federal laws that not all must abide.<\/p>\n
Massive Industry<\/b><\/h2>\n
PASPA critics like the AGA say the law does nothing to protect the integrity of the leagues, a common argument made by commissioners like the NFL’s Roger Goodell. A legalized sports betting environment would create oversight, so says the AGA.<\/p>\n
It would also provide enormous amounts of new tax revenue, a recent study from Oxford Economics finding that legal sports betting across the US could generate upwards of $5 billion in annual tax money to federal, state, local and tribal sovereign governments. The research also opined that sports betting would support 152,000 jobs, and create an overall economic impact of somewhere between $21.9 billion and $26.6 billion.<\/p>\n
Should the Supreme Court come down on New Jersey’s side, Gambling Compliance, a gaming research firm, believes 20 or more states would follow in the Garden State’s footsteps and legalize sports gambling by 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"
Twenty-five years ago today sports betting became outlawed in all but four states, the exceptions provided due to those jurisdictions having some form of sports gambling at the time. But while former US Senator Dennis DeConcini (D-Arizona) might be celebrating the anniversary of his anti-sports betting legislation that was signed into law October 28, 1992, […]<\/p>\n","protected":false},"author":42,"featured_media":61642,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13,18,16,1074],"tags":[],"acf":[],"yoast_head":"\n
Sports Betting Ban Marks 25th Anniversary, Industry Says Days Numbered<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n