The Supreme Court has overturned a ban that prevented dozens of states from hosting and regulating a sports wagering platform within their jurisdiction. A recent Supreme Court ruling has reversed this decision, and there is now an opportunity for either congress or each individual state to establish legislation to either regulate or continue banning sports wagering.
This news is controversial within the sports industry as the positives and negatives are weighed and perceived in different ways. Sports leagues had supported the ban up until this ruling because they feel that their integrity is at stake. This claim is somewhat questionable considering that within Canada, sports wagering is legal and many Canadians bet on the NHL or other American sports leagues and there seems to be no issue.
The major positives lay with the sports fans that want to wager on their favorite sports team. This decision moves that possibility significantly forward. Daily-fantasy sports websites like DraftKings are already preparing to launch a sportsbook platform within their interface as soon as possible. This could take some time as states decide whether or not they would want to regulate this type of platform. With millions of people already playing illegally on offshore websites, it seems imperative for states to take advantage of the potential cash flow and to actually tax sports wagering to increase their respective revenues. With all things however, it takes time to legalize through legislation, and with similar legal issues such as online poker, there is always the possibility that any potential bill could stall out and eventually die.
The decision that the Supreme Court announced is a positive step towards the national legalization of sportsbook wagering, but there are still some roadblocks before citizens will be able to bet on sports game from anywhere in the country. It is likely that sports wagering will fade into regulation over the course of the next several months, and it seems that states will be forced to act to pick up a piece of the potential revenue to come from this industry.