“most important federalism case the Supreme Court will have heard in many, many years\u201d<\/strong> by gaming law expert Daniel Wallach.<\/p>\nThe Tenth Amendment states that “powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States, or to the people.”<\/p>\n
The End Is Near…Maybe<\/h2>\n
Those who attended the Supreme Court PASPA hearing in December mostly opined that the majority of justices favored the plaintiff’s argument that states should be left to determine their own sports betting laws, and not have the federal government forbid some states, while allowing others to offer sports wagering.<\/p>\n
PredictIt, an online exchange where players buy and sell shares on the likelihood of political outcomes, immediately offered up ponderings for those following the case. The day arguments were made,\u00a0“Yes” shares of PredictIt’s market “Will the Supreme Court rule against federal sports betting ban” went from 74 cents to 83 cents.\u00a0<\/span><\/strong><\/span><\/p>\nThe market has been quite active over the last 24 hours, with many bullish that the Supreme Court will come down on New Jersey’s side. “Yes” shares have gone from 86 cents to 92 cents. Should SCOTUS rule against PASPA, each “Yes” share will be paid $1. BetDSI has the odds on allowing states to legalize sports betting at -130, or implied odds of 56.5 percent.<\/p>\n
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What Are the Possible Outcomes?\u00a0<\/b><\/p>\n
After New Jersey lawmakers passed their own sports betting bill, the NCAA and NFL, MLB, NBA, and NHL (“Big Four”) sued the Garden State. Lower federal courts have repeatedly ruled against New Jersey’s gambling law. In response, the state passed\u00a0legislation that repealed existing federal sports wagering prohibitions.<\/p>\n
The Supreme Court justices have several options to consider, which include:<\/p>\n
\n- Ruling that New Jersey’s “law” is illegal, and affirming that the state has no legal grounds to repeal federal regulations.<\/li>\n
- Deciding that PASPA would remain enacted in other states, but that New Jersey has every right to repeal such federal statutes placed on it, due to the Commerce Clause, a regulation that requires Congress to legislate uniformly.<\/li>\n
- Determining that PASPA violates the Tenth Amendment and fully repeal the ban. It should be noted that the Supreme Court has cited the Tenth Amendment just four times in its 229-year history in overturning federal laws. If the justices do go down this legal path, according to Wallace, it could be precedent-setting for other states’ rights issues.<\/li>\n<\/ul>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
No Supreme Court sports betting ban decision was issued today regarding New Jersey’s appeal of the federal prohibition, as many in the industry had anticipated. Last week, online sportsbook BetDSI’s odds on when the SCOTUS would deliver its ruling had March 5 the favorite at +100. The line implied a 50 percent chance that today […]<\/p>\n","protected":false},"author":42,"featured_media":71997,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[60,13,16,1074],"tags":[],"acf":[],"yoast_head":"\n
No Ruling in SCOTUS Sports Betting Case, Odds Favor PASPA Repeal<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n