Aiding A Betting

Today, the Supreme Court issued a much-anticipated decision on the future of sportsbooks, capping a six year case that pitted the state of New Jersey against the NCAA and every major professional sports league. If you took Jersey and the over, you won. By a 6-3 margin, the court opened the doors for states to legalize sports gambling: “Congress can regulate sports gambling directly, but if it elects not to do so, each State is free to act on its own.” This is good news for states that sought another vice-related revenue stream and bad news for anyone who’s never bet on sports but thinks it sounds like it could be a good idea now that’s it’s legal. It’s also a potential job killer for underworld loansharks, bagmen, and fixers. (At least they still have politics.)

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