Sports Betting Just Got Legalized in New Jersey
We wrote all about this case in December and what the implications of this ruling in favor of legalized sports gambling could mean. The short version: New Jersey had moved to overturn a 1992 law that effectively banned sports betting (directing states not to permit it without making sports gambling itself illegal) everywhere but Nevada, which had been grandfathered in. New Jersey challenged that this was federal overreach, that instructing states not to do something was the same as instructing them to do something else. The NCAA and other major sports leagues technically opposed New Jersey’s move (though the NBA has since come out in favor of legalized betting and most other leagues are also probably in favor of it) on the grounds that the law didn’t instruct states to do anything, with their stance rooted in the sanctity of sports, match fixing, social ills and other relatively abstract reasons that aren’t fully grounded in reality.
The court ruling in favor of New Jersey will pave the way for other states to legalize sports gambling, bringing it from the shadows and making it more akin to fantasy sports in the public conscience.
Andrew Brandt with a blunt assertion:
A lot to unpack here but no, sports books outside of NV won't be taking bets today. But soon in NJ and likely in other states like Delaware and PA within months (NFL season).
— Andrew Brandt (@AndrewBrandt) May 14, 2018
We took a seriously deep dive into this in December, so I’d recommend you read that right here. But for now, AC, anyone?