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Casinos: Las Vegas won't hurt from sports betting decision

15 May 2018

A study released by the American Gaming Association previous year estimated that legalized sports betting could generate between $21.9 to $26.6 billion in total economic impact.

A ruling by the U.S. Supreme Court on Monday has paved the way for the legalisation of sports betting countrywide in the United States, say several legal experts.

"Doing some reviews on what the options are under the federal decision", said Governor Charlie Baker.

One research firm estimated before the ruling that if the Supreme Court were to strike down the law, 32 states would likely offer sports betting within five years.

It is worth noting in the digital age this stuff doesn't just take place at casinos - states would still have to determine whether or not to allow online betting through apps and web sites.

It's a historic change in the way people can bet on sporting events. Both Iowa and Minnesota are proposing legislation that allow sports betting, but it's more than likely that the issue won't be discussed until the next legislative sessions.

"If money was the deciding factor, not only in the expansion of gambling question but any, we'd have casinos in the state for a long time", said Rob Kohler. The 1992 law barred state-authorized sports gambling with some exceptions.

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"It's a proponent for us because guys like to get into pools and betting, so it's going to help the business here bring in more of a customer base", Millonzi said.

"While other states will scramble to get organized for this massive move, Pennsylvania will be one of the trailblazers", Cooley said.

"They do have an advantage because they have already gone through whatever legal process it is they have to go through", says Marcy Block, senior director at Fitch Ratings.

Monmouth have invested $2 million on transforming part of their grandstand in to a sports bar in conjunction with William Hill and chief executive Dennis Drazin told Thoroughbred Daily News they could commence operation within two weeks.

"I think the more standardize that is, the better", McDonough said.

"Obviously it's going to be something that many people in New Mexico want to do, it's something that they do already", McCamley said. Oneida Nation casinos will start offering sports betting very soon.

Writing for the majority, Justice Samuel Alito said the problem with the federal law is that "state legislatures are put under the direct control of Congress". It is already planning a rollout later this year of a virtual sports game, which combines Keno's number generation with video-game quality graphics that depict a football game. He said his proposal would allow betting for college sports only, barring sports betting at the high school level.

Casinos: Las Vegas won't hurt from sports betting decision