Sports betting in Colo.? It could be a long ways off

States other than Nevada will be able to offer legalized sports betting

States other than Nevada will be able to offer legalized sports betting

On Monday, the U.S. Supreme Court upheld a 2014 New Jersey law permitting sports betting at casinos and horse tracks.

Back in 1992 the Supreme Court ruled in favor of the Professional and Amateur Sports Protection Act - a law that prohibited states to authorize sports gambling, with the exception to the state of Nevada.

This may not be a game-changer for states.The increased revenue they could see from allowing sports gambling probably wouldn't result in any bond-rating upgrades, S&P Global Ratings reportedly said Monday.

Waller says the legislature had two bills in committee, one that would have put sports betting under the watch of the Kansas Racing and Gaming Commission.

Additional visitors to casinos and other ancillary revenues will boost the impact beyond just revenues generated for the state and city, he said.

Area tourism leaders don't believe sports betting will spur massive casino redevelopment, but they do say it could draw a different, younger crowd to Tunica, especially on the weekends.

On Monday, NBA Commissioner Adam Silver and Major League Baseball issued statements saying the "integrity" of their games would remain a priority.

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Within hours of the high court's decision, New Jersey lawmakers said they had introduced measures to begin building the framework for regulating legal sports betting. The nationwide legalization of sports gambling is expected to attract a new wave of betters.

Scientific Games is particularly well placed to benefit from the ruling due to its acquisition in January of Canadian digital gaming and sports betting firm NYX Gaming Group Ltd, said Todd Eilers, analyst at Eilers & Krejcik Gaming. "Great profits come with great responsibility". "We look forward to being a part of that process".

Watch Jimmy's Take in the player above. For instance, gamblers in Nevada lost about $250 million betting legal on sports previous year.

The ultimate goal is online gambling, he maintains. "So we will see all these people either working together to get it legalized or to team up to get exclusive rights", he says.

The state lost again, and then took the case to the Supreme Court.

The Supreme Court sided with New Jersey in its challenge to the federal ban on sports betting. Las Vegas is home to the annual Las Vegas Bowl as well as the Pac-12 men's basketball tournament and other tournaments, which aren't run by the NCAA itself. "It's been a stupid law for a very long time, and I'm ready to get this thing moving", Highfill said. Just below 2 percent of the men participating in the 2016 survey met what the NCAA termed as standard diagnostic criteria for problem gambling.

NASCAR driver Brad Keselowski tweeted he was "torn" on the Supreme Court's decision. "There would need to be some state legislative action as well but if the state chose to legalize it I think the tribes could move very quickly".

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