States Can Legalize Sports Gambling, U.S. Supreme Court Rules

  • New Jersey wins right to legalize single-game sports wagering
  • Legalized sports gambling could begin in a matter of weeks
Bloomberg’s Eben Novy-Williams reports on the Supreme Court ruling in favor of legal sports betting.(Source: Bloomberg)
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The U.S. Supreme Court freed states to legalize gambling on individual sporting events, unleashing a race to attract billions of dollars in wagers and heralding a new era for the nation’s sports leagues.

The justices on Monday struck down the federal law that had barred single-game gambling in most of the country, saying it unconstitutionally forced states to maintain their prohibitions. Nevada has been the only state with legal single-game wagering.