![]() market could be worth up to $15.8 billion, they estimate. It estimates that 32 states could offer legal sports betting within five years if the Supreme Court rules in New Jersey's favor, creating a legal market of more than $6 billion. The sports leagues oppose the lawsuit, arguing that legalized sports betting could taint the public's perception of the integrity of their games.Īmericans already illegally bet up to $60 billion annually on sports using offshore sites and bookmakers, according to Eilers & Krejcik Gaming. ![]() Nevada is the only state to allow single-game wagering. The state is taking aim at a 1992 law that forbids state-authorized sports gambling in all but four states that met a 1991 deadline to legalize it: Delaware, Montana, Nevada and Oregon. 4 a ruling could be weeks or months away. The Supreme Court will hear arguments in New Jersey's case on Dec. "As soon as sports wagering is legalized, online gambling will follow right behind it." "If we win sports wagering, online gaming will go to every state that adopts sports betting," said David Rebuck, director of the New Jersey Division of Gaming Enforcement, who predicts a favorable sports betting ruling could help internet gambling "explode" across the nation. ![]() Some gambling industry officials, regulators and analysts think that a favorable ruling by the high court in New Jersey's challenge to legalize sports betting could also lead to an expansion of internet gambling. ![]()
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