The U.S. Supreme Court has struck down the Professional and Amateur Sports Protection Act (PASPA) of 1992. Paving way for states to create their own laws regarding sports gambling. The PGA Tour’s commissioner Jay Monahan has long been an advocate of allowing sports gambling, especially on the PGA Tour, for a while. He’s got his wish now.
It will be up to the states to decided how they will proceed in regards to sports gambling. With the added tax revenue states will get from allowing sports gambling, there will be very few states that prevent gambling. For definite fighting states, allowing sports gambling will be a boon for their bottom line. Very few will shy away from it.
When sports betting becomes legal, how the PGA Tour will handle it will be interesting. Will they attempt to do their own gambling website? Will state laws allow that or will they keep the betting houses in state? Will the PGA Tour create rules for players so they cannot bet themselves? The elephant in the room, will there be players who will take a dive for money’s sake?
Until now, Las Vegas was the only location to place legal sports bets. People were using overseas betting sites to place bets, but they would run into trouble when trying to bring money back home. There’s also the underground betting in states and towns run by the mob/mafia. These ‘businesses’ will be hit hard. Their underground system will be rendered pointless immediately. How will they respond? How can they?
Today is definitely an turning point for the world of sports. The next few months will be very interesting. What states will allow it? What companies will try to capitalize on it? Will sports organizations like the PGA Tour go in their own direction? How will athletes respond? One thing is for sure, the sports would changed today. Will it be for the better or will it be for the worse? Time will tell.