The United States Supreme Court has agreed to hear the argument for New Jersey to host sports betting.
This move comes as a surprise to many; sports betting legislature was signed by New Jersey Gov. Chris Christie multiple times but was shot down due to legal restrictions set forth by the Professional and Amateur Sports Protection Act of 1992 (PASPA). This act restricts sports betting in the U.S. to Nevada and a couple of other states.
New Jersey’s gambling economy has been on the decline since the emergence of casinos in surrounding states like Pennsylvania, New York, and Maryland. Las Vegas saw over $4 Billion wagered at their sportsbooks in 2016.
New Jersey has tried to revitalize their economy by allowing online sports gambling, but the presence of sports betting of racetracks and casinos could be a game-changer for New Jersey’s economy.