Sports gambling is now legalized… so what does it all mean?

Here’s a primer on the biggest questions sports gamblers may have:

It may take a few weeks, but New Jersey, which led the fight for legalization, figures to be the first state with a system up and running. Beyond that, legalized sports gaming will roll out just like fantasy sports did, on a state-by-state basis.

Behind New Jersey, New York and Pennsylvania are expected to be among the first wave where betting is legal, with Connecticut, West Virginia and Mississippi to follow.

A man watches a baseball game in the sports book at the South Point hotel-casino in Las Vegas.

A man watches a baseball game in the sports book at the South Point hotel-casino in Las Vegas. (John Locher/AP)

The Supreme Court ruled that legislation banning sports betting was unconstitutional. Under the Professional and Amateur Sports Protection Act of 1992, most states were blocked from allowing sports gambling. The court now gives that call back to the states to make.

Not at first. New Jersey is establishing brick-and-mortar locations where you can place bets, and eventually they will expand to offer online services — and presumably betting from your phone — with approved security.

No. The technological safeguards that would prevent placing bets from outside a state where it is legal would be similar to those that block you from making out-of-state bets with Vegas sports books or daily fantasy sports sites right now. You’d have to physically go into the state to place a bet.

To start, New Jersey will allow sports betting at horse tracks and casinos. Monmouth Park is set to open a new sports book within a couple of weeks, according to operators.

The NBA and MLB see this tax as a way to profit off sports betting by moving the money from the sports books into their own pocket, while allowing them to maintain the integrity of the games.— Grossman

Source: Ny Daily News

Leave a Reply