US Supreme Court Opens Up Sports Gambling. What's The Colorado Impact?

Doug Mendoza
May 15, 2018

Summary: The Supreme Court ruled that states can allow sports gambling. However, under the revised law, the bet must be placed inside a casino. With the Supreme Court's decision, this would now include sports wagering.

States that want to move forward with this ruling will have to pass legislation to allow sports books to open.

Depending on how the court's ruling is interpreted, Carney said Delaware's three casinos could begin offering full sports betting by the end of June. Now he wants to make sure there are standards to uphold the "integrity" of sports. "It's entirely possible that game developers will lobby for esports to not be swept in with other sports for the purposes of sports betting, as many have a concern about the impact widespread betting might have on the development of their games and associated leagues".

However, the ruling also could be seen as merely bringing an activity out of the shadows that many people already see as a mainstream hobby. While supporters of the federal law said it discouraged betting and the resulting corrupting influence of organized crime on athletics, Christie said Americans already spend almost $150 billion a year on illegal sports wagering.

"I think it's probably not a one for one $150 billion illegal to a $150 billion legal but it's certainly makes it much harder for those guys to stay in business", Clark said.

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Because MotorCity is owned by Marian Ilitch, who also owns the Detroit Red Wings, and Greektown owner Dan Gilbert also owns the Cleveland Cavaliers, any sports wagering operation at those casino would be barred from allowing bets on those teams, for fear of undermining the integrity of the game. "As each state considers whether to allow sports betting, we will continue to seek the proper protections for our sport, in partnership with other professional sports".

The Supreme Court decision to effectively lift the ban on sports betting in most of the country will create a vast, competitive market for online bookmakers, said Jason Robins, the CEO and co-founder of the sports fantasy site DraftKings.

How the court decision could affect MotorCity Casino Hotel and Greektown Casino-Hotel (to be rebranded Jack Detroit Casino-Hotel later this year) remains to be seen.

Ginsburg and Sotomayor's dissension was in line with the National Collegiate Athletic Association and four major professional sports leagues that had successfully stopped New Jersey in lower courts. "Once the state law is changed, radio advertising for sports betting in that state will be legal". Scientific Games, a slot machine maker that also processes bets for sports book operators, rose 9.8pc, while Caesars Entertainment, the largest United States casino operator, rose 6.3pc.

The NCAA's reward was swift: Just two years later Portland's Rose Garden was a host site for the NCAA men's basketball tournament - the first time since 1983 that Big Dance games were played in Oregon.

Other reports by GizPress

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