Get ready for the sports betting boom. In a significant ruling on Monday, the U.S. Supreme Court struck down the federal law banning sports betting from most states, opening the door for the sports betting industry in all U.S. states, including a half-dozen that already have laws ready in hopes that the ruling would go their way and another dozen states that have plans to enact their own pro-betting laws in the near future.
The ruling addressed New Jersey’s 2014 state law permitting sports betting by people age 21 or older on all sports except college teams or teams playing in the state, which the court upheld Monday. By a 6-3 vote, the court chose to strike down the federal law banning sports betting in most states in its entirety.
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