The United States Supreme recent ruling court has struck down a 26 years ban on sports betting the country, leaving individual states to decide if they want to legalize soccer bettings in their terrain or not. Here is what you need to know about it the ruling:
When can you start betting?
Sooner than you think, but it depends on where you live. Some states like Delaware, New Jersey and Mississippi has agreed to start accepting legal bets within seven days.
Three other states were already prepared for this landmark decision so they already had laws ready to authorize sports betting in the event of a supreme court ruling. There would be discussions nationwide in the next few days, but most states already have active legislation ready to legalize sports betting.
Who will accept the bets?
Different states have different rules for this. Some states have authorized commercial casinos to start accepting sports betting, while some will offer sports betting through state lotteries only.
However, lawmakers are expected to make the decision whether to allow bets at Casinos, off-track betting parlours, racing tracks, etc.
What does it mean for the American leagues?
The US professional leagues have fought had to keep this law, but they still maintain that they are open to sports betting on their teams. Now that the ban has been overturned, the MLS NBA and others would be looking to continue lobbying for a percentage of the fee made by bookmakers to be given to them.
Some people who favour gambling believe that this has opened the door for more money to the teams through sponsorship with Mark Cuban claiming:
“I think everybody who owns top-four professional sports team just basically saw the value of their team double at least,”