Supreme Court Strikes Down Federal Sportsbetting Ban

In a decision that could rob the American Mafia of one of its few remaining sources of income - and potentially save the ailing Atlantic City - the Supreme Court on Monday struck down a federal ban on sportsbetting, saying states should be free to decide whether to legalize the business. The decision, according to the Washington Post "is sure to set off a scramble among the states to find a way into a billion-dollar business." It could also negatively impact revenues in Las Vegas because, until Monday, betting on live sporting events was only legal in Nevada - though a few other states have sports lotteries.

Mafia

For example, the state of New Jersey, famously the setting of the landmark television series "the Sopranos," could use the ruling to help revitalize its ailing Atlantic City casinos by legalizing sportsbetting at the facilities.  Indeed, the bankrupt city that was once the only alternative to Las Vegas on the east coast could reap a badly needed windfall from the decision (which is great news for anybody who threw caution to the wind and bought the city's debt).

WaPo estimates that the underground sportsbetting economy - an underworld that is dominated by various criminal groups - could be worth as much as $150 billion a year (give or take a few kneecaps). Former New Jersey Gov. Chris Christie spearheaded efforts to legalize sportsbetting.

Back in 2011, New Jersey voters - already crushed by some of the highest taxes in the nation - approved a proposal to allow sports betting. Christie signed a law authorizing it and dared the federal government to "try and stop us."

Tony Soprano couldn't have said it better himself.

Of course, Christie's tough talk was ultimately ineffective. A court struck down the law because it violated the Professional and Amateur Sports Protection Act (the same law that was rendered effectively toothless by Monday's decision) and, later, a lower court closed a loophole that would've allowed Jersey to drop criminal penalties for the practice.

Comments

Joe Davola B-Bond Mon, 05/14/2018 - 12:22 Permalink

Let's see how this precedent affects various other "state's rights" issues.

The analysis I'd seen (prior to the ruling) was that the issue with PASPA was that it said the states (other than grandfathered NV and NJ) couldn't pass a law allowing it, not that the feds couldn't enforce a federal law against it if one existed - but since there isn't a fed law against it, hence not constitutional.  I'd bet there will be lots of challenges based on this precedent, but if there is an existing federal statute, those shouldn't be successful (with the big caveat that the courts will act logically).

In reply to by B-Bond

Buckaroo Banzai new game Mon, 05/14/2018 - 13:47 Permalink

Anybody who thinks this SCOTUS decision will negatively impact the mafia's gambling business is a fucking retard.

First, the mob will always be a major player in sports gambling because the mob is happy to extend credit to bettors. Legal gambling is strictly "cash on the barrelhead". So the most degenerate, hardcore gamblers will still be working with mob bookies.

Second, the mob will just diversify into "legal" gambling.

Third, this decision will increase the absolute size of the sports betting market. Even if the mob winds up getting a smaller slice of the gambling pie on a percentage basis, the size of the entire pie is about to increase massively.

In reply to by new game

Giant Meteor Yukon Cornholius Mon, 05/14/2018 - 11:51 Permalink

While I agree that states should have the right to decide the issue, and most all other issues that affect their citizens most directly, it is also clear that reliance on activities such as sports betting, lotteries, epidemics of drunkeness, drug addiction, obesity and the like, are merely increasing signposts of the nations moral decay and rot ...

Christy having led the charge on this issue in New Jerky, is poetically relevant. ..

These plays are not designed for the benefit of the common man, but so that the powers of the state may be brought to bare more efficienctly to fairly MILK the common man, for it's skim and daily bread, and to stem the bleeding from gaping debt wounds and future promises to pay ..

It will not work of course, but may be able to buy some time.

Probably in the final analysis, was better to have had "the mob" running it ..

In reply to by Yukon Cornholius

GunnerySgtHartman Giant Meteor Mon, 05/14/2018 - 11:55 Permalink

While I agree that states should have the right to decide the issue, and most all other issues that affect their citizens most directly, it is also clear that reliance on activities such as sports betting, lotteries, epidemics of drunkeness, drug addiction, obesity and the like, are merely increasing signposts of the nations moral decay and rot ...

I agree 1000%.  Relying on so-called 'sin taxes' to prop up state and local government budgets is a dead-end street.  But then these are the same legislators who don't have the gonads to cut programs, either.

In reply to by Giant Meteor

DuneCreature Cognitive Dissonance Mon, 05/14/2018 - 11:44 Permalink

Where has Tyler been? .. Not anywhere near NYC or NJ.

Atlantic City = The Mafia = The CIA (and other spook flavors) = The Banksters

Could we stop playing the phony labels game Durden?

While we're at it........

~~~))) How To Loot A Country Or A Continent (((~~~

 ...................(And look good doing it)

Alienate, divide and disenfranchise, then hand out the heroin, meth and weapons. .... Stand back and let the population tear itself apart at the race and wealth lines.

Call in the UN to restore order, declare yourself a hero or Killary Limpin' and pay yourself a huge reward of someone else's natural resources seized with the UN firepower you control after the Chump Monkeys turn in their sticks to keep themselves 'safe' from the drug addict monkeys you have armed out of the back door.

Use an MKUltra Charles Taylor to keep the chaos cooking, emotional and vicious. ... No one will have time to think.

Charles Taylor Jr. Comes To Ameri-duh.

And they call that entertainment. ..... Entertainment for the devil.

Live Hard, All Paid For And Sanctioned Under The Labels 'National Security' And 'Pop Culture', Die Free

~ DC v8.8

In reply to by Cognitive Dissonance

JimmyJones Mon, 05/14/2018 - 11:26 Permalink

Could never understand how they even thought they had the authority to ban something like this nation wide to begin with.  My guess is the Commerce Clause since that is abused so much.

Giant Meteor therover Mon, 05/14/2018 - 12:17 Permalink

May 10th, 2017

According to documents made public on Tuesday, the Trump Taj Mahal in Atlantic City sold for 4 cents on the dollar, changing hands from billionaire investor Carl Icahn to Florida's Seminole Indians.

They paid $50 million for it. The hotel, which Trump called "the 8th wonder of the world" back in the 1990s, cost $1.2 billion to build.\

http://www.businessinsider.com/how-trump-bankrupted-the-taj-mahal-2017-5

Mind boggling indeed ...

The place is an open air sewer ..

In reply to by therover

zpinch Giant Meteor Mon, 05/14/2018 - 15:04 Permalink

dont worry china is spending 500 million to back another trump billion doelar project in macau; thats why trump went to bat and fought for zte and all those lost china jobs - eventhough nsa/dod/cia all have said zte is suspect and not reliable for coms - dont worry though trump and xi 'the helmsman' are besties and we have beautiful chocolate cake!

In reply to by Giant Meteor

apocalypticbrother Mon, 05/14/2018 - 11:31 Permalink

Pro sports are obviously controlled thru the officiating. Now the refs are on headset and can be told in real time what bogus calls to make. NFL and MLB etc are a joke and their dropping viewership is a symptom of how they suck. Get your pink ribbons here...