If the Supreme Court rules in favor of an upcoming case that would legalize sports betting a recently published report said the US could make between $2-$5.8 billion in gross gaming revenue within five to seven years.
The analysis was provided this week by GamblingCompliance, a leading provider of business intelligence to the global gambling industry.
New Jersey officials appealed to the nation’s highest court urging them to overturn the Professional and Amateur Sports Protection Act (PASPA). The federal law was enacted by Congress in 1992 and limited sports betting to Nevada, Oregon, Delaware and Montana.
The 20-page report based their findings on 21 to 37 states making wagering available at casinos, racetracks, retail outlets and mobile phone applications.
Some of the states they believe would institute sports gambling are ones that already have casinos, such as Pennsylvania, New York, Mississippi, Illinois, Ohio and New Jersey.
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