The United States Supreme Court agreed on Monday to allow New Jersey's bid for sports betting at its casinos and racetracks, effectively ending prohibition on a $100 billion industry and striking down restrictions on wagering outside of Nevada.
"The legalization of sports gambling requires an important policy choice, but the choice is not ours to make," the Supreme Court announced. "Congress can regulate sports gambling directly, but if it elects not to do so, each State is free to act on its own."
The ruling could allow as many as 25 other states to seek similar allowances.
"The legalization of sports gambling requires an important policy choice, but the choice is not ours to make," the Supreme Court announced. "Congress can regulate sports gambling directly, but if it elects not to do so, each State is free to act on its own."
The ruling could allow as many as 25 other states to seek similar allowances.
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