Sports betting still illegal in Iowa despite Supreme Court ruling

Supreme Court makes sports betting a possibility nationwide

Christie left office in January and was succeeded by Democrat Phil Murphy. The American Gaming Association estimates that Americans illegally wager about $150 billion on sports each year, according to CBS News.

A great day for the rights of states and their people to make their own decisions.

Leonsis says the decision "brings a multibillion dollar industry out of the shadows and into the sunlight, where its integrity can be guaranteed and consumers can be better protected" and that it will change the face of sports fandom for the better. WVU vice president Rob Alsop and director of athletics Shane Lyons attended a meeting last week in Charleston to voice their concerns over the ramifications of sports betting and its influence on campus.

In 2011, New Jersey voters were presented with a sports betting referendum ballot question.

The Supreme Court on Monday gave its go-ahead for states to allow gambling on sports across the nation, striking down a federal law that barred betting on football, basketball, baseball and other sports in most states. He said he looked forward to working with the Legislature to "enact a law authorizing and regulating sports betting in the very near future". It's expected that dozens of states could now apply for sports betting in the coming years. The state tax rate would be 34 percent, with smaller percentages set aside for local governments where the casinos are located. It also requires an "integrity fee" from casinos and racetracks: a sum of $7.5 million or 2.5% of revenue (the lesser of the two), which would fund investigations to ensure the integrity of sporting events.

There may also be implications for sports media companies.

The Supreme Court on Monday ruled that the Professional and Amateur Sports Protection Act (PASPA) - the federal law that bars wagering on all professional and amateur except horse and dog racing sports in all but a few states - is unconstitutional. "The Supreme Court agrees with us today". The casino industry in the USA has seen many false starts: acquisition deals that have gone nowhere due to failed bills; expensive projects that have gone bankrupt after years of preparations. Members of the organization include commercial and tribal casino operators, suppliers and other entities affiliated with the gaming industry.

Speaking of the high court, in a 6-to-3 vote, they ruled that Congress overstepped its authority in 1992 by banning states that did not already allow sports gambling from entering the lucrative business. The ruling came as the Joint Committee on Economic Development is reviewing a bill that would make daily fantasy sports explicitly legal and create an eight-person special commission to "conduct a comprehensive study and offer proposed legislation relative to the regulation of online sports betting" if the Supreme Court deems any part of PASPA is unconstitutional.

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