US Supreme Court ruling allows states to make sports betting legal

U.S. Supreme Court strikes down sports gambling ban so is MMA about to become a gambler's paradise

U.S. Supreme Court strikes down sports gambling ban so is MMA about to become a gambler's paradise

Clark said the topic must be addressed "urgently and thoughtfully to avoid putting our sport's integrity at risk as states proceed with legislation". "New Jersey citizens wanted sports gambling and the federal Gov't had no right to tell them no". Nevada now is the only state in which single-game bets are allowed. Christie left office in January and was succeeded by Democrat Phil Murphy. Essentially, it gives each state the power to make its own decision about sports betting.

The American Gaming Association estimates that Americans illegally wager about $150 billion on sports each year.

"This is the culmination of the hard-work and dedication of a large group of individuals, all of whom contributed to today's victory and will undoubtedly contribute to our future success", said Dennis Drazin, chairman and CEO of Darby Development LLC, operators of Monmouth Park, in a statement. He says the ruling could help the state's struggling horse racing industry.

While many European sports teams carry the logo of sports books on their jerseys, such a move in the U.S. is not expected. So sport wagering will remain illegal in Iowa - at least for now.

"It brings a multibillion dollar industry out of the shadows and into the sunlight, where its integrity can be guaranteed and consumers can be better protected", Leonsis wrote in a blog post, adding, "I think that the increased transparency that will accompany more legalized betting around the country will only further protect against potential corruption".

Enacted 25 years ago, the law prohibited states from legalizing sports betting sports except where it was already legal.

Tony Rodio, president of Tropicana Entertainment, said his Atlantic City casino will "absolutely" offer sports betting once it can get it up and running. The state tax rate would be 34 percent, with smaller percentages set aside for local governments where the casinos are located.

Iran, China agree to maintain nuclear deal
Lavrov and Zarif will discuss the "possibility of preserving the Iran nuclear deal", according to Russian state media agency TASS. The issue will likely be a focus of discussions between the Iranian and European foreign ministers in Brussels.

There may also be implications for sports media companies.

The U.S. Supreme Court had reached a landmark ruling, lifting the federal ban on the federal anti-sports gambling law, giving states the green light to allow betting on sports.

Silver said the league would "remain active" in ongoing discussions with state legislatures in the wake of the Supreme Court's ruling. The casino industry in the US has seen many false starts: acquisition deals that have gone nowhere due to failed bills; expensive projects that have gone bankrupt after years of preparations.

The ruling, which overturns the Professional and Amateur Sports Protection Act (PAPSA), allows states to legalize sports betting. But unexpected events and other uncontrollable factors make sports gambling more volatile. It made Nevada the only state where a person could wager on the results of a single game.

Lawyers for New Jersey argued that the law forces state governments to enforce a federal initiative, which the Supreme Court has repeatedly ruled is unconstitutional.

Casino chain MGM Resorts said last week when meeting analysts that it believes 10 to 12 states could legalize sports betting fairly quickly after a favorable ruling.

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