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IPFS News Link • Courtroom and Trials

Supreme Court Strikes Down Federal Sportsbetting Ban

•, by Tyler Durden

The decision, according to the Washington Post "is sure to set off a scramble among the states to find a way into a billion-dollar business." It could also negatively impact revenues in Las Vegas because, until Monday, betting on live sporting events was only legal in Nevada - though a few other states have sports lotteries.

For example, the state of New Jersey, famously the setting of the landmark television series "the Sopranos," could use the ruling to help revitalize its ailing Atlantic City casinos by legalizing sportsbetting at the facilities.  Indeed, the bankrupt city that was once the only alternative to Las Vegas on the east coast could reap a badly needed windfall from the decision (which is great news for anybody who threw caution to the wind and bought the city's debt).