When the U.S. Supreme Court cleared the way for sports betting across the country just two years ago, there were predictions of sportsbooks on every street corner and millions of new bettors going broke betting on their favorite teams.
Major League Baseball and the casino industry are entrenched in their views on a league proposal to get a cut from wagers placed on the sport following the repeal of a federal ban on sports betting earlier this year.
The Supreme Court voted last week to strike down the Professional and Amateur Sports Protection Act. Sports gambling is not now legal nationwide, but the ruling allows states to pass their own laws to make it so.
The U.S. Supreme Court on Monday struck down a federal law that bars gambling on football, basketball, baseball and other sports in most states, giving states the go-ahead to legalize betting on sports.
The daily fantasy sports industry notched some wins but failed to capture a majority of states after an all-out push this year to preserve its legality amid concerns the online games amount to illegal sports betting operations.