How the SCOTUS sports betting ruling could impact Alabama

Sergio Conner
May 15, 2018

New Jersey will most likely be the first state.

Champion says the states that anticipated the court ruling have set up regulations that will allow them to tap into a legal sports betting industry and the tax revenue expected to flow from it.

But the Supreme Court yesterday upheld the legality of a 2014 state law permitting sports betting at New Jersey casinos and horse racetracks, Reuters reported.

Illegal bookies might still survive by avoiding taxes and fees and attracting bettors with promises of credit, but that remains to be seen. The case began with a lawsuit brought by former New Jersey Gov. Chris Christie, but it opens the door for other states to try to cash in on sports gambling as well.

"The timing would have been great to have had this done four weeks ago", added Ehrecke. John Bonacic (R-Orange County) and Assemblyman Gary Pretlow (D-Westchester), have been crafting legislation that would allow existing off track betting sites and video lottery terminal parlors to join casinos in launching sports betting platforms.

"It's about time. Let's get this done".

"We have a long enough history of gambling activity influencing outcomes, and so any increase in gambling is no doubt going to have an impact on things", Katz said.

However, Danielsen said the bill is by no means a lock. The Nevada Sports Book won an estimated 249 million dollars a year ago, money that if approved, could potentially help the state of IL pay off some debt.

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"Problems that it causes sometimes and we haven't heard of it for a long time, many years back when guys were shaving points and people get to them, and get them to throw a free throw, it becomes very damaging to sports", said Hanson. It voided the federal Professional and Amateur Sports Protection Act. Fans said they didn't seem to have an issue with legalizing sports betting.

"I'd say there's a lot of states that would move forward with sports betting", said Eilers, who expects Scientific Games and International Game Technology to seek contracts with casino operators looking to expand into sports betting. The research firm Eilers & Krejcik Gaming puts the number at $50bn to $60bn, not counting bets among friends.

Sports betting could generate $80 million to $90 million annually in Iowa, according to an Innovation Group survey. Gambling industry officials have estimated sports betting could net IL about $85 million in taxes.

Miller said the rate of taxation will remain a hurdle for any Iowa legislation.

Reactions to the Supreme Court ruling across the sports world weren't limited to the league offices. But it likely would add foot traffic to Iowa casinos, including many people who do not now visit them.

Allowing sports gambling could provide a boost at the commercial casinos, which have been struggling to meet revenue projections. Americans illegally wager $150 billion on sports annually.

"(Customers) are telling us that if they can participate in sports betting at home, whether they live in MS or New Jersey or MA, it will only increase their interest in the sport and their team, and they will absolutely want to come to Las Vegas to root their team on, whether it's in a tournament or on TV or actually physically playing", MGM Resorts International CEO Jim Murren told The Associated Press. "I'd rather spend my money right here in Wisconsin", Reuter said.

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