Who gets a cut of gambling revenue — the NFL? The NCAA? Local colleges?
The Supreme Court of the United States (SCOTUS) paved the way for legalized sports betting Monday, peeling back the Professional and Amateur Sports Protection Act (PASPA) and essentially giving states the power to regulate sportsbooks within their borders. That’s a big win for gamblers across America — even if we’re not quite sure how each state will handle this newfound responsibility.
The SCOTUS ruling effectively says the U.S. government controls gambling law, but in the absence of federal legislation, states are free to make their own rules. We’ve already seen several champing at the bit to secure the revenue stream that comes with taxing wagering income. New Jersey, the state that launched the legal challenge that led to Monday’s decision, will be the first to join Nevada, Oregon, Delaware, and Montana with validated sportsbooks. Several other dominoes will follow.
A look at which states are likely to legalize sports betting following today’s Supreme Court ruling. https://t.co/OdiRcxX7Y6 pic.twitter.com/9ls41KErkJ
— AP Interactive (@AP_Interactive) May 14, 2018
While we have an idea of who will be next, how these local betting laws will work is more uncertain. Every state will have its own say on how sports wagering is handled, if at all, locally. That means state legislators hold all the cards as they navigate a sensitive avenue toward a previously-untapped revenue stream. Local lobbies will shape the route those lawmakers take and how they deal with invested parties like major sports leagues, college athletics, and law enforcement. Here’s how a handful of early models are shaping up — and how they could affect legalization efforts in other states.
The New Jersey model
No new state will be able to enact sports betting more rapidly than New Jersey, the …read more