The Federal Supreme court rules in favor of Sportsbook in NJ. On May 14th, two weeks ahead of schedule, the Supreme court announced its verdict on the Murphy VS NCAA case. And it’s really positive! Indeed, it seems that the state governor managed to get the court to rule in favor of SportsBook in New Jersey. In short, the primary reason for the favorable ruling is that the current legislation is a direct violation of the 10th amendment.
A favourable ruling is hardly a surprise though! In fact, many professional speculated on the verdict for months. And even more so after a bill proposed by Joann Downey and Assemblyman Eric Houghtaling leaked online last week.
In essence, the bill highlighted many details such as, who can operate a Sportsbook in NJ, how much tax operators will pay and what sports a permitted and forbidden to bet on.
Now everyone on social media is buzzing about the prospect.
By and Large, the provider that stands to profit the most from the legal changes is Scientific Games (SG). In fact, they’ve been preparing for a legislative shift for a while. Indeed, as you probably know SG bought NYX last year. And since the purchase, they’ve perfected what was already a state of the art sportsbook platform called Openbet.
SG Chief Strategy Officer Huw Owen Thomas posted on linked in.
“An historic day! SG Digital (Division of Scientific Games Corporation) has been preparing for this for many months. We’re excited for what this means for our industry and the fantastic team across Scientific Games. Time to take the #1 Sportsbetting Platform OpenBet Ltd to customers across the US.”
In a later statement congressman Eric Houghtaling also added.
“Considering the popularity of sports, as well as the myriad of other gambling opportunities offered throughout the state. Allowing sports betting in our AC casinos and racetracks is a natural next step for New Jersey.”
Now, the main question is which operator will launch sportsbook online first? Stay tuned! We’ll keep you posted on that front the minute we hear of any plans.