The United States Supreme Court may rule that the federal prohibition against sports betting is unconstitutional. If so, it will then be a mad dash by individual states to legalize it. New Jersey looks best positioned to be the first state to do so. However, when we’re talking a business estimated to be into the hundreds of billions of dollars, other states are sure to follow.
What is all but certain is that legalized sports betting will negatively impact handle on racing and table games, unlike slots in which there is little crossover of bettors..