Since as long as most of us can remember, only Nevada has allowed legalized sports betting, with its local laws being protected while other states are unable to get in on a piece of this action. However, things might change soon – very soon in fact. As shortly as next month, the U.S. Supreme Court is expected to issue a ruling on another state-level attempt, this one out of New Jersey, to allow legalized gambling on sports.
- By this time next year, it might be legal to place bets on March Madness from states other than Nevada.
- The U.S. Supreme Court could rule as early as next month on legalizing sports betting in New Jersey, which may trigger a chain reaction of sorts in other states.
- Industry insiders such as Caesars Entertainment Group and MGM Resorts are keeping a close eye on the case, which could have a major impact on their gaming businesses.
“If the court gives the go-ahead, it could start a chain reaction of states approving such wagers in casinos and online.”