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Offbeat What court's ruling on sports betting means for gamblers

17:11  15 may  2018
17:11  15 may  2018 Source:   usatoday.com

What it means: Supreme Court strikes down PASPA law that limited sports betting

  What it means: Supreme Court strikes down PASPA law that limited sports betting The U.S. Supreme Court ruling in favor of New Jersey on Monday effectively killed the Professional and Amateur Sports Protection Act (PASPA), the federal law that essentially limited sports betting to one state for the last 25 years. PASPA was declared unconstitutional in the 7-2 decision, meaning it will be up to states – including New Jersey, which has sought to establish sports gambling for years – to decide whether to allow its residents to bet on sports. Here’s a breakdown of what the ruling by the nation’s highest court means: What is PASPA?  PASPA was signed into law by President George H.W.

The United States Supreme Court agreed on Monday to allow New Jersey' s bid for sports betting at its casinos and racetracks, effectively ending prohibition on a 0 billion industry and striking down restrictions on wagering outside of Nevada. Time.

SportsPulse: Supreme Court reporter Richard Wolf breaks down the SCOTUS ruling on sports betting in the United States, and what it could mean for the future of gambling in professional and college sports . USA TODAY Sports .

Monday's ruling by the Supreme Court to legalize sports betting is a big win for gamblers across the country.

With states such as New Jersey potentially open to take bets in time for the NBA Finals at the end of the month, here is what the ruling could mean. 

Removing 'shadiness' and stigma

Sports gambling has always existed. According to the American Gaming Association, at least $150 billion a year is wagered on sports, 97% of which is bet illegally through such outlets as bookies, off-shore websites and other establishments  — known as sports books — that take bets on events and pay out winnings. 

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The Supreme Court on Monday ruled in favor of New Jersey in the case that was formerly known as Chris Christie vs. NCAA (Christie’ s name has been What sports will I be able bet on? The Supreme Court opinion means states can offer the same betting options as any other sportsbooks, including

Court Rules Cap On German Sports Betting Licenses Is Illegal, Opens Market For EU. This means the German online gambling regime still violates EU law and cannot be enforced.” Monday' s ruling by the Supreme Court to legalize sports betting is a big win for gamblers across the country.

By legalizing sports gambling, the Supreme Court has opened the door for casinos, daily fantasy sports sites, racetracks and other potential operators to open up legitimate sports betting operations across the U.S., allowing gamblers to wager without having to use a potentially shady, unregulated website that might not pay you if you won too much.

Some daily fantasy sports sites, such as DraftKings, are already moving towards accepting wagers, emailing users on Monday afternoon about the Supreme Court announcement and saying that it planned to accept wagers in the future.

“Our mission has always been to bring fans closer to the sports they love and now, thanks to the wisdom of the Supreme Court, DraftKings will be able to harness our proven technology to provide our customers with innovative online betting products,” said Jason Robins, DraftKings' CEO and co-founder.

Why legalized sports gambling is a win for millions of fans

  Why legalized sports gambling is a win for millions of fans Supreme Court ruling strikes down federal law and puts the power to legalize sports betting in the hands of the states.Load Error

SportsPulse: Supreme Court reporter Richard Wolf breaks down the SCOTUS ruling on sports betting in the United States, and what it could mean for the future of gambling in professional and college sports . USA TODAY Sports .

SportsPulse: Supreme Court reporter Richard Wolf breaks down the SCOTUS ruling on sports betting in the United States, and what it could mean for the future of gambling in professional and college sports . USA TODAY Sports .

The legalization also could remove the stigma from sports gambling. 

For many bettors, Monday's announcement "doesn't affect" their ability to place a bet, says Jimmy Traina, a writer for SI.com and user of 5Dimes, one of the more popular off-shore sites. "There are a lot of options out there for gamblers, and I think the people who have wanted to bet have found off-shore sites and have been able to do their thing." 

"More than anything, now it's you don't have to be secretive about it. It's out in the open," Traina says. 

Betting wherever, whenever on whatever 

The other appeal for sports gamblers would be the ability to place bets wherever they are, whenever they want on whatever game is of interest. With sites such as DraftKings, which already allows fantasy sports players to play daily fantasy baseball, basketball, hockey and football games, looking to get in on the sports betting action, it is likely that future U.S. sports books will allow you to place a bet right from your phone, with no need to go to a casino or race track. 

PGA Tour voices support of legal sports betting in wake of Court ruling

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The betting law exempted Nevada, where sports betting has long been legal.CreditCreditBridget Bennett for The New York Times. “The court ’ s decision is monumental, with far-reaching implications for baseball players and the game we love,” Tony Clark, the executive director of the Major League

The US Supreme Court ruled on Monday that states can legalize sports betting . Here’ s a look on what Monday’ s ruling means for Massachusetts. Does this mean I can bet on For now, no — gamblers will need to physically be in a state that moves to legalize sports betting to place a wager.

Live betting will also likely be offered by at least some sportsbooks, letting you not only make picks before a game begins but getting in on the action even after it is already underway. 5Dimes already offers live betting. 

The option of widespread, in-game, live betting "is going to keep you glued to every game no matter what the score is," says Jacob Luft, product manager for the Daily Racing Form, owner of the sports betting information site Statfox.com.

"It is going to be like the crack cocaine of betting," he says. "Instead of waiting for three hours to see if you've won, you can just keep betting throughout the game. You can bet on the next play." 

Traina, however, does not expect that many people will suddenly become gamblers just because of the Supreme Court ruling. "I don't see millions of people becoming sports gamblers because it's legal ... It was just as easy to place a bet yesterday as it is today." 

Potentially better odds and more things to wager on 

With a potential boom of new gaming sites available, it's possible that gamblers could see slightly better odds than what traditional Vegas sports books offer, in a bid to get players to use their sites and services.

Vegas and the sports books will still get their cut — the current Vegas "vigorish" of 10%. That means you need to bet $11 to win $10, but as often is the case with increased competition, the possibility for better odds is out there.

"You might be able to shop around a little," says Traina. 

There also is the option for more "prop bets" on individual games: Will LeBron James score more than 25 points tonight against the Celtics? Will the Washington Capitals score first against the Tampa Bay Lightning? For fans, that could make every game as action-packed as the Super Bowl. 

Expanded sports betting fuels fears about gambling addiction .
For the gambling industry, the imminent expansion of legalized sports betting promises a bonanza. For experts and organizations already concerned about problem gambling, it promises a new set of worries.Load Error

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