2018: The Year To Legalize Sports Betting

2018: The Year To Legalize Sports Betting
Sports betting is currently illegal in all but four states; however, that may soon change.
It’s been almost seven years since New Jersey’s voters chose to legalize sports betting by a 2-1 margin. Unfortunately, the proposed legislation conflicted with the Professional and Amateur Sports Protection Act of 1992 (PASPA), a federal law that prohibited states from legalizing sports betting. Since then, New Jersey has challenged that prohibition and now, almost a decade later, the Supreme Court is set to make a ruling.
According to Forbes, five justices have “indicated that they believed PASPA violates the 10th Amendment’s anti-commandeering principle”, which forbid the federal government from interfering in state sovereignty.

“The smart money is on repeal of sports betting ban” -Telegraph Herald (Link)

If SCOTUS rules in favor of New Jersey, there are several other states that also expected to introduce sports betting bills this year, including [via cardschat.com]: Illinois, Indiana, Kentucky, Massachusetts, Michigan, New York, Ohio, Oklahoma, Rhode Island, and West Virginia.

South Carolina have been pushing to legalize sports gambling, but it doesn’t look like it’s going to happen anytime soon. State Rep. Russell Ott joined fellow Democrat and House Minority Leader Todd Rutherford in sponsoring a bill, but none of these representatives have much faith that it will pass. Ott recently told The Post and Courier: “Realistically speaking, it’s an election year. In a majority-Republican body, the chances of a legitimate shot at it this year are not very high.”

While South Carolina may not have support to pass legalized sports betting, it’s clear that other states do. If PASPA is overturned, 2018 may see legalized sports better expands rapidly throughout the United States. After that, the big question is how to deal with the approximately $2.5-3 billion of illegal gambling revenues that’ll be shifting into the official economy.
[Photo via Flickr user Tom Lianza]