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How a 2018 Supreme Court decision paved the way for meteoric growth in legal sports betting
The 2018 ruling ended a federal ban, enabling states to legalize sports betting, now a $10 billion industry facing increased criminal probes and calls for stricter regulation.
- A Pew Research Center poll conducted over the summer found Americans are more skeptical of legal sports betting than a few years ago, with polls showing majority opposition to college betting but stronger support for professional sports.
- In 2018 the Supreme Court ruled the Professional and Amateur Sports Protection Act unconstitutional, with Justice Samuel Alito writing it violated the Tenth Amendment by barring states from authorizing sports betting.
- On Thursday, authorities arrested more than 30 people, including Portland Trail Blazers head coach Chauncey Billups and Miami Heat guard Terry Rozier, in schemes to rig bets and poker games, while Rozier’s lawyer Jim Trusty called the FBI’s move `misplaced glory`.
- Younger adults are more likely than older adults to have bet money in the past year, with about 3 in 10 adults under age 30 betting compared to 12 percent of adults age 65 or older.
- All four major U.S. professional sports leagues and the NCAA warned that legalization would hurt the integrity of the sports-betting industry, which the 2018 Supreme Court ruling helped grow into a multibillion-dollar market.
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The industry is defending itself, with FanDuel saying Thursday's news illustrates “the stark contrast between legal and illegal betting markets.”
·New York, United States
Read Full ArticleSupreme Court decision paved the way for legal sports betting
A 2018 Supreme Court decision opened the floodgates to the legalized sports-betting industry, now worth billions of dollars a year, even as it recognized that the decision was controversial. That high-court ruling is back in the spotlight after the arrests…
+52 Reposted by 52 other sources
How a 2018 Supreme Court decision paved the way for meteoric growth in legal sports betting
A 2018 Supreme Court decision opened the floodgates to the legalized sports-betting industry, now worth billions of dollars a year, even as it recognized that the decision was controversial.
·United States
Read Full ArticleCoverage Details
Total News Sources56
Leaning Left13Leaning Right8Center29Last UpdatedBias Distribution58% Center
Bias Distribution
- 58% of the sources are Center
58% Center
L 26%
C 58%
R 16%
Factuality
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