ams288
ams288
Joined: Sep 26, 2012
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TomG
May 14th, 2018 at 7:36:33 AM permalink
Supreme Court allows sports betting across the country

Quote:

WASHINGTON The U.S. Supreme Court acted Monday to bust Nevada's monopoly on legal sports betting, allowing more states to get in on the action and reap the tax benefits.

The court struck down a federal law that required states to ban gambling on the outcome of sporting events. The Professional and Amateur Sports Protection Act was highly unusual: it did not ban sports gambling nationwide as a matter of federal law, but it said the states were not allowed to permit it.

Ding Dong the Witch is Dead
charliepatrick
charliepatrick
Joined: Jun 17, 2011
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May 15th, 2018 at 11:54:20 AM permalink
The news was reported in this morning's newspapers that shares in many UK bookmakers went up on Monday. There were some interesting facts incluidng that 97% of money bet on the SuperBowl was done illegally. Also I didn't realise William Hill had such a large share of the US market.

https://www.theguardian.com/business/2018/may/14/uk-bookmaker-shares-soar-as-sports-betting-is-set-to-be-legal-in-us
http://www.dailymail.co.uk/news/article-5727263/Supreme-Court-makes-sports-betting-possibility-nationwide.html
https://www.thetimes.co.uk/article/bookies-hit-jackpot-as-us-lifts-ban-on-sport-betting-ppr3mz3b2
GlenG
GlenG
Joined: Feb 5, 2018
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May 15th, 2018 at 3:14:38 PM permalink
Edit: delete

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