re: sports betting legalization case was heard by supreme court today

Iirc, case law and/or federal law only allows sports betting in the forms it existed in before X date.

Vegas has legalized sports betting at the time so it is grandfathered in. Delaware had sports parlay at that time so they were allowed to bring that back. Etc.

The NJ case overturning the law in question would open up states to doing so, but the NCAA has already threatened to withhold basketball tournament games from any state which legalized gambling on said games.


I would figure that a number of states add a sports book to casinos there if only to chip away at Vegas’ action / help spread the betting around to even out risk should the casinos take a bath on one particular event.