Thursday, July 3, 2025
  • Login
CEO North America
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
No Result
View All Result
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
No Result
View All Result
CEO North America
No Result
View All Result

CEO North America > Opinion > Landmark Ruling Could Permit Sports Betting Across U.S.

Landmark Ruling Could Permit Sports Betting Across U.S.

in Opinion
Landmark Ruling Could Permit Sports Betting Across U.S.
Share on LinkedinShare on WhatsApp

The US Supreme Court has made a landmark ruling that could allow states across the country to legalize sports betting.

Shares of gambling stocks on both sides of the Atlantic surged Monday as the U.S. Supreme Court endorsed a 2014 state ruling in New Jersey that permitted sports betting in casinos and at horse racing tracks.

The court also struck down a 1992 federal law banning sports gambling.

The 6-3 ruling is a victory for New Jersey and other states who have considered allowing sports gambling as a way to encourage tourism and tax revenue. Major U.S. sports bodies such as the NCAA, NFL and NBA had nevertheless backed the federal prohibition.

The NCAA said it was a threat to the “integrity of athletic competition.”

However, Justice Samuel Alito wrote on behalf of the Supreme Court: “The legalization of sports gambling requires an important policy choice, but the choice is not ours to make.

“Congress can regulate sports gambling directly, but if it elects not to do so, each state is free to act on its own.”

Shares in UK-based bookmakers jumped on the ruling. Paddy Power Betfair’s share price rose 10.5 percent, 888 Holdings jumped 14 percent, William Hill’s stock gained 9.4 percent and GVC Holdings rallied 6 percent.

In the U.S., shares in Churchill Downs, which owns horse race tracks and casinos rose by 5.73 percent.

On the other hand, Wynn Resorts, the Nevada-based hotels and casino operator, saw its share price fall by 2 percent on the prospect of competition from new entrants to the sports betting market.

The Supreme Court decision strikes down the Professional and Amateur Sports Protection Act (PASPA) of 1992 that prohibited sports betting in most states.

It is currently only legal in a handful of states, including Nevada, home to Las Vegas; Delaware, Montana and Oregon.

Neil Wilson, chief market analyst at markets.com, told the BBC that William Hill stands to gain the most following the ruling because it “can roll out gambling operations pretty swiftly from Nevada, where it already operates and has very strong market presence.”

He added that the company also has a New Jersey operation “that is primed and ready to start taking bets within days.”

Tags: Sports bettingSports Betting Across U.S.

Related Posts

Blackstone’s Jon Gray on Strategic Discipline, AI, and Entrepreneurial Leadership
Opinion

Blackstone’s Jon Gray on Strategic Discipline, AI, and Entrepreneurial Leadership

Canada, India move closer to trade deal
Opinion

Informing Strategic Planning Amid Tariff Uncertainty for Canadian Municipalities

A paradigm shift in supply chain operations: From agent-led to AI-led
Opinion

A paradigm shift in supply chain operations: From agent-led to AI-led

6 steps toward your retirement goals
Opinion

6 steps toward your retirement goals

Dollar continues record rally
Opinion

U.S. Economic Confidence Slightly Improved, Still Negative

How U.S. steel and aluminum tariffs would impact Canada’s economy
Opinion

The impact of US trade policy on jobs and inflation in Canada

Key Takeaways From Treasury’s Foreign Exchange Report
Opinion

Key Takeaways From Treasury’s Foreign Exchange Report

CVCA CEO Kim Furlong to step down
Opinion

What I’ve learned about building winning businesses

Inspiring vs. Infuriating: The Science Behind Great Leadership
Opinion

Inspiring vs. Infuriating: The Science Behind Great Leadership

Want More Women in Leadership? Tell Them They’re Losing Out
Opinion

Want More Women in Leadership? Tell Them They’re Losing Out

No Result
View All Result

Recent Posts

  • Nasdaq’s New Survey Reveals: Next-Gen Investors Embrace Advanced Technology ETFs
  • Blackstone’s Jon Gray on Strategic Discipline, AI, and Entrepreneurial Leadership
  • Tesla stock rises as company reports steep sales decline
  • ‘Big Beautiful Bill’ Medicaid cuts could leave millions uninsured
  • Del Monte Foods files for bankruptsy

Archives

Categories

  • Art & Culture
  • Business
  • CEO Interviews
  • CEO Life
  • Editor´s Choice
  • Entrepreneur
  • Environment
  • Food
  • Health
  • Highlights
  • Industry
  • Innovation
  • Issues
  • Management & Leadership
  • News
  • Opinion
  • PrimeZone
  • Printed Version
  • Technology
  • Travel
  • Uncategorized

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

  • CONTACT
  • GENERAL ENQUIRIES
  • ADVERTISING
  • MEDIA KIT
  • DIRECTORY
  • TERMS AND CONDITIONS

Advertising –
advertising@ceo-na.com

110 Wall St.,
3rd Floor
New York, NY.
10005
USA
+1 212 432 5800

Avenida Chapultepec 480,
Floor 11
Mexico City
06700
MEXICO

  • News
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life

  • CONTACT
  • GENERAL ENQUIRIES
  • ADVERTISING
  • MEDIA KIT
  • DIRECTORY
  • TERMS AND CONDITIONS

Advertising –
advertising@ceo-na.com

110 Wall St.,
3rd Floor
New York, NY.
10005
USA
+1 212 432 5800

Avenida Chapultepec 480,
Floor 11
Mexico City
06700
MEXICO

CEO North America © 2024 - Sitemap

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.