WASHINGTON (BP) -- All 50 states are now free to sponsor gambling on sporting events.
In a 6-3 ruling Monday (May 14), the U.S. Supreme Court struck down a 1992 law that prevented state authorization of sports gambling. The decision -- which reversed opinions by lower courts -- means states may legalize and operate betting on professional and college sports.
It appears gambling on sporting events will soon become a reality beyond Nevada, which was exempted from the original law. The law also enabled Delaware, Montana and Oregon to have limited legal sports gambling. Read More