Supreme Court Paves Road to Sports Betting

You may soon be able to lose your own money alongside the Broncos.

As CNN reports, there could be a new revenue stream coming to town:

The Supreme Court cleared the way on Monday for states to legalize sports betting, striking down a 1992 federal law that had prohibited most states from authorizing sports betting.

The 6-3 ruling is a victory for New Jersey and other states who have considered allowing sports gambling as a way to encourage tourism and tax revenue. The NCAA, NFL and NBA had backed the federal prohibition.

The court said the federal law violated constitutional principles limiting the federal government from controlling state policy, unconstitutionally forcing states to prohibit sports betting under their own laws.

“The legalization of sports gambling requires an important policy choice, but the choice is not ours to make,” Justice Samuel Alito wrote in the 6-3 opinion. “Congress can regulate sports gambling directly, but if it elects not to do so, each state is free to act on its own.”

The Supreme Court’s ruling essentially allows individual states to make their own determinations on whether or not to legalize sports betting. At least one racetrack in New Jersey is aiming to take bets within a matter of weeks.

While there are no immediate plans to implement legal sports betting in Colorado, it would be silly for lawmakers to not at least consider making the change sometime soon.

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  1. Diogenesdemar says:

    The road they paved is much broader than just where you’ll soon be allowed to throw away additional personal monies on your favorite taxpayer subsidized millionaires . . . 

    https://newrepublic.com/minutes/148408/supreme-courts-sports-betting-ruling-major-implications-states-rights

    . . . not that you should reasonably expect this slavering gaggle of corporatist apologists and enablers to ever be consistent.

     

  2. Gray in Mountains says:

    will the sports books be operated by the same folks who operate the payday lenders? I would almost expect it unless the legislature effectively prohibits is

    • notaskinnycooknotaskinnycook says:

      Is it too late this session to run a bill in the legislature to regulate this, or will they have to try to coax the toothpaste back into the tube next year?

      • PseudonymousPseudonymous says:

        The legislature is closed for the year, so from that perspective, it is too late.  However, nothing about the ruling allows sports betting in Colorado.  It merely invalidates the law the feds passed, which prevented states from legalizing sports betting.  If it's illegal to run a book, as it is in Colorado, then it will continue to be illegal unless a new law is passed.

        Expect that last bit to happen next session.

  3. notaskinnycooknotaskinnycook says:

    D'oh! Brain hiccup. I knew that. And I don't suppose it's worth a special to legislate against something that hasn't happened yet. On the other hand, think of all that loot…

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