Supreme Court Ruling Could Benefit Radio

Supreme Court Ruling Could Benefit Radio

On Monday, the U.S. Supreme Court reversed a decades-long ban on sports betting in most US States, opening the door for states to allow bets on sporting events if they wish.

"Whether, as a matter of policy, we should be treating horse betting the same or differently as traditional sports gambling is certainly subject to debate", Edelman said.

Many states have already passed laws preparing for the Supreme court's decision and several others are following suit as they prepare legislation to create legal sports betting.

The court decided 7-2 that it wasn't constitutional. "It's not who we are as a state", he said. The act does not actually prohibit sports betting-it's just always been banned at the federal level.

According to the Associated Press, 14 states will legalize sports gambling in their state within two years and 19 states will have it legalized within 5 years. He was one of the original authors of the 1992 bill.

The Cherokee Nation released a statement that reads in part, "we look forward to working with the state of Oklahoma on how to implement sports betting in a way that's positive for all parties". "We can not allow this practice to proliferate amid uneven enforcement and a patchwork race to the regulatory bottom".

NBA commissioner Adam Silver says the pro basketball league remains in favor "of a federal framework that would provide a uniform approach to sports gambling in states that choose to permit it". Gambling industry officials have estimated sports betting could net IL about $85 million in taxes.

Colorado only allows blackjack (21), poker, slot machines, craps and roulette.

In Central City and Blackhawk today, the news is welcomed. "I don't think that the general public would have an appetite for sports gaming".

So will it happen in Colorado?

First of all, state lawmakers are out of session until next year.

That ruling came down Monday, and suddenly the National Football League appears ready to get into the game.

Will states begin allowing legalized sports gambling soon? SC might never permit the gambling, Eilers & Kerjcik said. "That's why I plan to introduce legislation in the coming weeks to help protect honesty and principle in the athletic arena", he said on Monday. They say state regulators are capable of monitoring suspicious bets, as is done in Nevada.

"Today's decision is a victory for the millions of Americans who seek to bet on sports in a safe and regulated manner", Freeman said to USA Today.

Vegas won't be home to the only casinos hoping to take your sports bets.

"That would be old school", Cabot said. The council said any government body or sports league that receives a direct percentage or portion of sports betting revenue should dedicate some of it to treat gambling problems.

Probably not, Cabot said. Bettors will stay with the illegal sports books, he said.

Now this new ruling doesn't mean people can start placing bets while sitting on their couch right away.

"If you tax it too high, it's going to affect the viability of the industry", Cabot said.



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