On Monday, the US Supreme Court overturned PASPA, a 1992 law that prevented most states from legalizing sports betting. As a result, each state will be free to decide whether to regulate sports betting on its own.

The suit was brought by the state of New Jersey. Other states, including Pennsylvania, Delaware, Connecticut, Iowa, Mississippi, New York, and West Virginia, are also expected to quickly move to legalize sports betting.

The Washington Post notes that the Supreme Court’s decision will offer massive rewards to sports leagues:

”Legalized sports betting will only bring fans closer to the game, ramping up the action in each minute and creating more intensity,” Washington Wizards and Capitals owner Ted Leonsis said in a statement. “It will bring new revenue into the economy, creating jobs and growing our tax base. Today’s decision is a great one for sports fans and I am eager to embrace it.

Leagues and teams could try to make money both directly and indirectly from legalized sports betting. […] Sports leagues could also charge more for advertisements and rights fees, because widespread legal wagering figures to drive greater fan engagement and interest.

Chris Woerts, former commercial director of professional football clubs Feyenoord and Sunderland, said that the US Supreme Court’s decision further illustrates that the Netherlands is lagging behind in looking out for the interests of sports:

Donald Trump’s often reviled America legalizes sports betting, while in the Netherlands politicians continue to let sports down. Politicians offer nice words about the importance of sport to society, but when it comes to guaranteeing sufficient financial support, they are nowhere to be seen.

The legalization of sports betting would also put in place regulations to protect consumers and prevent harm. At present, a lot of money is flowing away to foreign betting operators, which have been successfully operating in the Dutch for years. Digitization is accelerating, but in the Netherlands we pretend it stops at the border. How naive!

Following the Supreme Court’s decision, share prices of several major gaming and betting companies rose sharply.

Other News

After a number of delays, Holland Casino’s new branch in Amsterdam West will finally open on 11 June.

Novamedia, owner of the Postcode Lottery format, has decided to invest in Blendle, a Dutch online news platform that aggregates news articles and sells them on a pay-per-article basis.

Portugal is set to join Spain and France in a shared liquidity compact this month, according to PokerStars CEO Rafi Ashkenazi.