Published: Wed, May 16, 2018
Sport | By Kayla Schwartz

Sports leagues lobby for cut of sports gambling revenue

Sports leagues lobby for cut of sports gambling revenue

Shares in gaming and casino companies jumped on Monday, led by Scientific Games Corp (SGMS.O), as investors wagered on new business opportunities for the industry after the U.S. Supreme Court paved the way for states to legalize sports betting.

The path to legal sports betting in NY cleared - a little - Monday. Instead, to save money on federal law enforcement, it relied on states' existing prohibitions plus the ban on authorization.

PASPA made an exception for Nevada, which allowed sports gambling in casinos, and grandfathered in three states that allowed sports lotteries or pools. The law also gave New Jersey a year to legalize sports gambling in Atlantic City. In Arizona, the state's share was about $100 million past year.

It's one of multiple questions cropping up with respect to the federal legislative branch's potential role in sports betting regulation following New Jersey's victory in Murphy vs. NCAA.

Could Congress rain on sports betting's parade?

Democratic candidates Gwen Graham, a former congresswoman from Tallahassee, and Chris King, a Winter Park real estate executive, are opposed to legalizing sports betting, or even expanding any other form of gambling.

William Hill has infrastructure in place in DE as well as New Jersey, but Asher did not give a timeline for starting operations in that state. The 3rd Circuit said repealing the laws against gambling amounted to authorizing gambling - and struck down the law again.

Duke University Director of Athletics Kevin White said he's never been in favor of gambling but does support regulation following the Supreme Court ruling.

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Ms Marvel was created by editors Sana Amanat and Stephen Wacker, writer G Willow Wilson and artist Adrian Alphona. Marvel in February 2014. "We have plans for that once we've introduced Captain Marvel to the world", he added.

Hours after the ruling, the National Football League called on Congress to "enact a core regulatory framework" for legalized betting, citing "the potential harms posed by sports betting to the integrity of sporting contests and the public confidence in these events". Congress is telling the states what they can or cannot do when it comes to passing their own laws. Sleight says it's traditionally hard to guess what the Indian nations might do under their gaming compacts, or when. The Court held that PASPA unconstitutionally "commandeered" the states to enforce federal laws or policies in violation of the 10th Amendment. After all, federalist-leaning Republicans in Congress might be much more inclined to go along with the Democrat-sponsored bill, given that, as presently written, it seems to deftly walk the fine line between federal oversight and state-level autonomy. For the first time, it expressly takes the position that Congress can't tell the states what not to do. To reach this conclusion, Alito relied on the notion that there was no functional difference between requiring the state to enact legislation and banning the state from enacting legislation.

"A great day for the rights of states and their people to make their own decisions".

The Court's ruling will have a significant economic impact on a number of states that are already eager to collect tax revenues associated with legal sports gambling.

"It remains to be seen how states will react to their newfound freedom, though this certainly opens the door to a large scale expansion of sports betting". On the other side, dissenting Justices Ruth Bader Ginsburg and Sonia Sotomayor argued that the decision was too broad. That concern, she pointed out, wouldn't apply here, where it is obvious to all that PASPA is the source of the gambling ban. And there are serious doubts Congress wants to get involved.

A spokesman for the commission said Monday that the court decision is "under review".

The Poker Players Alliance (PPA), which has long fought for the rights of poker players in the United States, recently noted that as many as 68% of its members were involved in sports betting, leading to the organization diverting some of its attention towards the industry.

Hatch, one of the authors of the federal law that was thrown out by the Supreme Court, sided with the leagues. This column does not necessarily reflect the opinion of Minnesota Lawyer, the Bloomberg Opinion editorial board or Bloomberg LP and its owners.

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