Payments News


Supreme Court Ruling Favors Sports Betting

“The Supreme Court on Monday struck down a federal law that effectively banned commercial sports gambling in most states, boosting the prospect of such gambling across the nation. The case concerned New Jersey, but it has implications for other states eager to allow and tax sports gambling. Americans are estimated to annually place $150 billion in illegal wagers on sports. State officials and representatives of the casino industry greeted the ruling with something like glee.”