Corporate attorneys Kathleen O'Brien and Mariel Giletto give an update on the latest ruling regarding sports betting in New Jersey and surrounding states.
Last month we shared that the Supreme Court struck down the Professional and Amateur Sports Protection Act of 1992 (PAPSA), opening the door for states outside of Nevada to legalize sports gambling within their borders. Across our region, state lawmakers have been working to launch sports betting and take advantage of what many believe will be a valuable revenue stream for the states. Below is an update on the legislative process in New Jersey, Delaware, Pennsylvania and New York:
- New Jersey: Legislation authorizing sports gambling passed through both the Senate and Assembly unanimously on June 7, 2018, and now awaits the signature of Gov. Murphy.
- Delaware: Delaware became the first state to take advantage of the Supreme Court decision, offering single-game betting options on various sporting events on June 5, 2018. The state previously permitted parlay bets on professional football events. Sports betting will be available initially at Dover Downs, Delaware Park, and Harrington Raceway & Casino.
- Pennsylvania: In the fall of 2017, legislation was passed to permit sports gambling, daily fantasy gambling, and online poker. Casinos are now permitted to apply for a sports betting permit in the state for a $10 million application fee while they wait for the legislature to pass regulations outlining the details of the new law. To date, no casinos have applied for a permit.
- New York: With less than 10 days left in the legislative calendar, it is unclear whether New York will pass either the bill introduced by Sen. John J. Bonacic or Rep. Gary Pretlow. Gov. Cuomo expressed skepticism that any legislation would be passed this session.
Parker McCay will continue to monitor the status of this pending legislation and provide updates on new developments. In the interim, please contact Parker McCay's Corporate Department with any questions about the implications of the Supreme Court’s decision to strike down PAPSA and authorize sports betting.
The content of this post is for informational purposes only and should not be construed as legal advice or legal opinion. You should consult a lawyer concerning your specific situation and any specific legal question you may have.