Federal Ban on Sports Betting Found Unconstitutional by US Supreme Court.
The American Gaming Association president and CEO Geoff Freeman has issued a statement after the announcement of the Supreme Court’s opinion on Murphy v. National Collegiate Athletic Association.
The Court’s ruling on the case determined that the federal ban on sports betting as established by the Professional and Amateur Sports Protection Act of 1992 (PASPA) is unconstitutional, paving the way for the legalisation of sports betting in all 50 states.
The industry’s appetite for the decision has reached fever pitch in recent months, with this being one of the most exciting years in US Sports betting history. The favourable judgment could lead to huge potential growth for the sector, with regulators and operators hoping to usher in a new dawn of properly regulated sports betting.
Freeman’s full statement can be read below:
“Today’s decision is a victory for the millions of Americans who seek to bet on sports in a safe and regulated manner. According to a Washington Post survey, a solid 55 percent of Americans believe it’s time to end the federal ban on sports betting. Today’s ruling makes it possible for states and sovereign tribal nations to give Americans what they want: an open, transparent, and responsible market for sports betting. Through smart, efficient regulation this new market will protect consumers, preserve the integrity of the games we love, empower law enforcement to fight illegal gambling, and generate new revenue for states, sporting bodies, broadcasters and many others. The AGA stands ready to work with all stakeholders – states, tribes, sports leagues, and law enforcement – to create a new regulatory environment that capitalises on this opportunity to engage fans and boost local economies.”