6 winners and 4 losers from the Supreme Court’s big sports gambling decision

On Monday, the Supreme Court struck down a 1992 federal law and in the process paved the way for states across the country to legalize sports betting. The end of the Professional and Amateur Sports Protection Act (PASPA) could fundamentally change how Americans interact with the sports they love. It will be great news for some and bad news for others.

Winner: The gaming industry

The American Gaming Association, the main lobbying group for the country’s casinos, has been pushing for legalized sports gambling for years. Casinos stand to make a lot of money once states across the country start making sports betting legal. There’s a ton we still don’t know about what legal sports betting will look like, including which states will offer it and how much of it will be online. But it’s a good bet that brick-and-mortar casinos will be among the first places allowed to offer it. They stand to make lots of money.

“I think it’s gonna be interesting,” says Richard McGowan, a Boston College management professor who has written six books about the gambling business. “I think most states originally are gonna say, ‘Alright, we’re just gonna allow at the casinos.’ And then they’ll do it a little bit online, and then there’ll be all kinds of different ways of

Article source: https://www.sbnation.com/2018/5/15/17353228/sports-betting-legalized-supreme-court

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