Will the U.S. Supreme Court Bless Sports Wagers? Casinos Are Placing Bets
- Justices weigh N.J. law while other states prepare to legalize
- Smartphone apps in Nevada make it ‘just like shopping online’
Photographer: Chris Steppig/Pool/NCAA Photos via Getty Images
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If the casino industry gets its way, this could be the last March Madness where Americans have to go to Nevada to bet legally on the college basketball championship.
The U.S. Supreme Court is expected to rule, possibly next month, on New Jersey’s bid to offer sports betting. If the court gives the go-ahead, it could start a chain reaction of states approving such wagers in casinos and online. Forecasters see revenue from legal sports betting rising to the billions of dollars within five years, while companies including MGM Resorts International and Caesars Entertainment Corp. are closely watching the case.