Sports betting at Monmouth Park delayed until June

Dennis Drazin | Patty Wolfe

"We're partnered with the state". Legalized sports betting nationwide could provide $3.4 billion to states and local governments, according to a study by Oxford Economics commissioned by the American Gaming Association.

All 50 states are now free to sponsor gambling on sporting events.

Baishampayan Ghose /FlickrThis week seven members of the Supreme Court agreed that Congress exceeded its powers when it passed a law that prohibited states from legalizing sports betting.

Five states - Connecticut, Mississippi, New Jersey, Pennsylvania and West Virginia - already had enacted laws in preparation for a Supreme Court decision permitting legalization, according to ESPN.

Drazin says that there is apparently a bill in the state Legislature that would regulate sports betting in New Jersey, so he is going to wait on allowing bets.

Brokers Opinions on: JC Penney Company, Inc. (JCP)
In order to know the value of a stock, there is need to compare its current price to its likely trading price in the future. Now the stock price is moving -45.97% off from the highest level of twelve months and +29.36% above from twelve months low.

The Supreme Court's ruling Monday authorizing state-sanctioned sports betting could have profound implications for a host of other issues.

Travis Wussow, general counsel and vice president for public policy at ERLC, told the Baptist Press that the decision will lead to a slippery slope of harm to society.

The Ethics & Religious Liberty Commission of the Southern Baptist Convention has also taken issue with the recent ruling.

It's not like casino gaming is struggling in Oklahoma.

In the majority opinion, Associate Justice Samuel Alito said the 1992 law "violates the anticommandeering rule", which bars Congress from giving direct orders to states. Stephen Breyer issued an opinion that concurred in part and dissented in part.

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