Supreme Court Rules in Favor of Legalizing Sports Gambling Outside of Nevada
8LasVegasNOW.com, May 14, 2018, By Karen Castro
There was a precedent set Monday for a much anticipated ruling in the sports gaming industry when the United States Supreme Court struck down the federal ban on sports betting outside of Nevada.
The ruling paves the way for other states to legalize betting on college and professional sports. Although Nevada is the only state with a well-established sports gambling industry, gaming experts do not anticipate a negative impact on local sportsbooks. For the past 25 years, sports betting outside Nevada was illegal until the monumental decision came down Monday morning. “I think it gives people a little bit less of a reason to come here,” Westgate patron Joe Paven said. But, industry experts say sports betters like Pavan have nothing to worry about.
“I know some people think of it as a threat and it will take our monopoly away, but there’s others like myself that look at it as an opportunity,” said Jay Kornegay, the vice-president of Race & Sports Operations of Westgate Las Vegas. “There’s other jurisdiction across the country that we would love to see the super-book brand located in.”
With that said, stand alone casinos in Nevada may take a hit, according to Dennis Gutwald, a former investigator with the Nevada Gaming Control Board, “Because they can’t benefit from the gaming that’s offered nationally, whereas the regional firms can.” But Gutwald believes casinos can offset losses with new players. The nationwide legalization of sports gambling is expected to attract a new wave of betters.
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