Sports Wagering

Sports Wagering – The seven-year battle for the right to place a wager on sports is finally over today.

Earlier today, the US Supreme Court [1], in a 7-2 vote, struck down a 1992 law that banned state authorized sports wagering. The decision that barred wagering on football, baseball, basketball, ice hockey and other sports will give the go-ahead for legalized sports wagering on a state by state basis.

New Jersey has spent over $8M trying to legalize sports books at their New Jersey casino and racetracks. In 2012, New Jersey lawmakers passed a law that allowed sports wagering, challenging the 1992 federal ban on sports wagering in all but four states including Nevada, Delaware, Montana, and Oregon. While legal battles prevented New Jersey from offering sports wagering since the 2012 fight began, the Supreme Court sided with New Jersey in a fight that helped bring back more states rights.

Former New Jersey Governor tweeted “A great day for the rights of states and their people to make their own decisions. New Jersey citizens wanted sports gambling, and the federal Gov’t had no right to tell them no. The Supreme Court agrees with us today. I am proud to have fought for the rights of the people of NJ”.

New Jersey casinos and racetracks have been paving the way to be the first to take advantage of the opportunity. Monmouth Park Racetrack said they would be ready to open a sportsbook within the next few weeks. They already spent $2 million building out the William Hill Sports Bar, which they now plan to convert into the William Hill sportsbook quickly. William Hill is the most substantial sports betting operator in both the United Kingdom and Nevada.

While the other New Jersey casinos have yet to announce partnerships, almost all have been readying themselves to participate in offering their sportsbook. In New Jersey, we expect the ability to offer wagering on a computer or mobile device to come just a few weeks or couple of months after the launch of the retail wagering. Four additional states have enacted their laws to legalize sports wagering including Pennsylvania, West Virginia, Mississippi, and New York.

Another 14 states are in the process of doing so in the current or upcoming year. Each law will vary about its stance toward remote wagering. Some states will offer full remote wagering at the same time as the licensed land-based casinos or racetracks. Other states may require the wagering be tied to a specific mobile device similar to what is offered in Nevada.

This would require patrons to open an account in the casino or racetrack first and then wager remotely through their mobile. Either day, the ability to legally wager on your device will soon become a reality for millions of Americans!

Be sure you are kept up to date with the latest developments in sports wagering by making Smart Choice your definitive source of accurate and up to date information. Continue to check back here for updates or sign up for our newsletter!

Let us know where you are located and we will make sure you know more about the latest developments in your state!
We will be following the events about sports wagering very closely.

Resources;
[1]   Supreme Court; Murphy, Governor Of New Jersey, ET AL v. National Collegiate Athletic Assn. ET AL., October 2017.

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