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Expert Analysis

States Face Many Hurdles On The Way To Legal Sports Betting

By Aaron Swerdlow ( March 13, 2019, 7:35 PM EDT) -- The U.S. Supreme Court ruling in Murphy v. National Collegiate Athletic Association on May 14, 2018, turned the tide of sports betting in the United States by striking down a 1992 federal law that prohibited nearly every state from legalizing sports betting. Response from the gaming and sports industries was swift and decisive. In response to the court's 6-3 ruling, Caesars Entertainment Inc.'s stock price rose 6 percent, and DraftKings Inc. announced it would promptly enter into the sports-betting market....

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