PASPA Repeal: What does it mean for the American sports betting market?

The online sports betting market hits the jackpot, as a recent Supreme Court ruling gives individual states the right to control legislation.

On 14 May 2018 the United States Supreme Court paved the way for individual states to introduce legislation permitting sports betting if they so wish, by striking down a federal law which had effectively prohibited this. This outcome was the result of a long-running attempt by the State of New Jersey to legalise sports betting within Atlantic City, following a non-binding referendum of its citizens in 2011 in favour of this.

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