All those involved in establishing a new sports betting landscape should proceed with caution and consider the potential social cost as they ponder how much money can be made.
In Arizona, Gov. Doug Ducey saw the U.S. Supreme Court's decision as a way to modernize tribal gambling compacts and potentially boost revenue to the state. "The concerns that typically come along with gambling - we know what those are". And in McCoy v.
SCOTUS' sports betting ruling reinforces states' rights and is another nail in the coffin of online gaming ban effort. The law at issue here, he said, "unequivocally dictates what a state legislature may do and not do", thus putting state legislatures "under the direct control of Congress". The nation's most insistent promoters of gambling are state governments that run lotteries.
While the Court's decision was couched in constitutional terms, the results were a lot more mercenary. While the removal of the law means that individual states will still have to pass laws actively legalising sports betting, states like New Jersey are likely to do relatively quickly.
One of the big questions if Colorado were to legalize sports gambling is how it would be handled on mobile devices.
In Maryland, there is a stalemate among legislators largely due to disagreements about who should be allowed to have sports betting - casinos and/or horse racing tracks.
"It's possible that members of Congress will try to introduce legislation to deal with the aftermath of this decision", said Michelle Minton, a senior fellow at the Competitive Enterprise Institute.
"We will certainly abide by the Senate president's directions", Monmouth Park official Dennis Drazin said Wednesday. Players are paid much better and there is less incentive to match fix (though this can not be applied to scenes with less money or the competition in the tier 3/4 of the various games). You guys are favored by 20 points. "It'll be pervasive", Bradley said. "We have to adapt to it, I think, a little more readily than some folks would like to". The burgeoning field of fantasy sports is a form of gambling, too, though different laws apply.
In legalized sports betting, you place the money up front.
This is not to say that illegal gambling is going to go away.
The anti-commandeering jurisprudence prohibits Congress from telling the states how to govern or legislate or spend their tax dollars in any governmental areas not delegated to the Congress. The Supreme Court agrees with us today.
"The folks at the casinos and the other racetracks never gave me a chance of success except Dennis Drazin", Lesniak said. "We're like boy scouts; we're prepared". Considering that the American Gaming Association estimates that $150 billion is wagered illegally each year, the flood of money about to be released will create an environment that would tempt the most ethically minded athlete, team and league to influence outcomes. But some warn that will simply increase the number of gambling addicts.
"Really, this is a low margin business".
Then there are the legal bookmakers, gambling companies, and the betting public.
It's no wonder that news of Monday's decision sparked a surge in gaming stocks on Wall Street. New Jersey's gambling industry lay in the doldrums for a decade before returning to growth over the past couple of years thanks in no small part to online gambling. Now that they lost the court battle with Monday's landmark ruling, many suspect that they are now pushing for federal legislation not for high-minded reasons, but because they see it as the easiest way to get a cut of the proceeds.