In 2011, New Jersey's voters by a 2-to-1 margin approved sports betting, but federal courts have repeatedly blocked the state from allowing such gaming at its racetracks and casinos.
GMA's newly expanded Sports Betting division, headed by John English, Managing Director of Sports Betting and Technology, produced the white paper entitled "An Examination of Sports Betting in America & Forecast of Revenues by State" to highlight the current status of the sports betting market in the USA, the process being undertaken to overturn the Professional and Amateur Sports Protection Act (PASPA), hurdles the industry will face, political climate, and revenue potential for a well regulated sports betting industry.
Gov. Chris Christie of New Jersey challenged a federal law that requites states to ban wagering on sporting events, though Nevada was grandfathered in when the law was passed in 1992, NBC News reported.
Courts did. They said New Jersey's law violated a section of PASPA that forbids states to license and authorize sports betting.
In June, the Supreme Court agreed to hear New Jersey's claim that the 10th Amendment frees the states to refuse to enforce a federal law.
The billions spent on legal sports betting in Las Vegas stays in Las Vegas.
Justice Anthony M. Kennedy said the federal law seemed to him like "commandeering".
"States and tribal sovereign nations have proven to be effective regulators of gaming and today's oral arguments before the Supreme Court moved them one giant step closer to offering a new product that Americans demand". "Sports betting for New Jersey is considered an economic lifeline", Wallach said. "The federal government is doing nothing", he said.
There will be a further two days of hearings this week, before the Supreme Court retires for its Christmas break, before reconvening on January 8th.
The U.S. Supreme Court is considering a case that could lead to legal sports betting nationwide. While the state could not authorize sports betting, the court said, nothing in the federal law prevented the state from repealing statutes that imposed criminal penalties on the practice. Couple of race tracks have gone out of business.
Paul Clement, representing the NCAA and the sports leagues, said the Supreme Court should affirm that decision.
Since 46 states at the time prohibited sports betting, he said, Congress built on that system. Instead the act says the states can not permit it.
A broad ruling for New Jersey could have consequences for other ways the federal government tries to push policy preferences on states, including on issues such as immigration, gun control and sanctuary cities.