Ruling on sports betting could have major impact on Nevada

The U.S. Supreme Court’s recent announcement that it would review a New Jersey case on sports wagering and the American Gaming Association’s continued push to repeal the law forbidding state-authorized sports gambling are clear indicators that sports betting is on its way to some major changes.

But will those changes be good for Nevada?

For years, sports books have been supportive of efforts to repeal the Professional and Amateur Sports Protection Act of 1992, the federal legislation that blocks states from allowing sports gambling.

Industry leaders argue that a repeal would bite more into illegal offshore betting than in the four states where some form of wagering is legal — Nevada, Oregon, Montana and Delaware.

The Nevada industry believes that it would remain the sports wagering gold standard if the law is repealed because it already has infrastructure in place to take advantage of sports betting on a national scale.

The William Hills and MGMs of the world have embraced mobile wagering and could establish a network to take bets nationally should the law be struck down in court or legislatively.

Gamblers and tourists will continue to flock to Las Vegas for the complete experience. Betting sports may be part of the motivation to make a trip, such as for the Super Bowl or March Madness.

It’s also been proved with the spread of commercial and tribal gambling in other states. While there have been a handful of regional exceptions — California tribal casinos have stolen share from Reno and Laughlin, for example — it’s hard to beat the total Las Vegas experience.

Should sports betting go national, just about everything will continue to flow through Las Vegas. Odds would still emanate from the local books and the rest of the country would continue to turn to Las Vegas for its wealth of knowledge about the industry.

There is one other theory about how Nevada sports books could be hurt by the Supreme Court’s review of Christie v. the NCAA. It’s a doomsday scenario outlined by legal experts Ryan Rodenberg and John Holden in an article in the Duke Law Review, “Sports betting has an equal sovereignty problem,” and reported earlier this month by Dustin Gouker in the Legal Sports Report.

Gouker reported that there are three likely outcomes to the Supreme Court’s review of the New Jersey case: that the court upholds the lower-court finding, effectively changing nothing; that the prohibition on sports gambling is struck down as unconstitutional, taking it off the books and enabling states to legalize sports betting; or that the court says the grandfathering of Nevada sports betting under the law is unconstitutional under the equal sovereignty doctrine, effectively banning sports betting everywhere, including Nevada.

That third outcome is the ultimate bad beat for the industry.

The “equal sovereignty doctrine” is a principle that the federal government must treat states equally. It came into play when parts of the Voting Rights Act were struck down in 2013.

Obviously, if that occurred, the American Gaming Association’s plan to get legislative action would accelerate and Nevada’s congressional delegation would be all over it.

To be sure, it isn’t a likely outcome.

But as any sports bookie will tell you, it’s important to analyze every potential outcome before placing a bet.

Contact Richard N. Velotta at rvelotta@reviewjournal.com or 702-477-3893. Follow @RickVelotta on Twitter.

ad-high_impact_4
Business
Lehman Brothers bet big on Las Vegas
Lehman Brothers collapsed 10 years ago, helping send the country into the Great Recession.
Fremont9 opens downtown
Fremont9 apartment complex has opened in downtown Las Vegas. (Marcus Villagran/Las Vegas Review-Journal) @marcusvillagran
Ross & Snow launches in Las Vegas
Luxury shoe brand Ross & Snow has opened in Las Vegas, featuring "functional luxury" with premium shearling footwear. (Bailey Schulz/Las Vegas Review-Journal)
Remote Identification and Drones
DJI vice president of policy and public affairs discusses using remote identification on drones. (Bailey Schulz/Las Vegas Review-Journal)
Drones and public safety in Nevada
Two representatives in the drone industry discuss UAV's impact on public safety. (Bailey Schulz/Las Vegas Review-Journal)
Frontier Airlines to launch flights from Las Vegas to Mexico
Frontier, a Denver-based ultra-low-cost carrier, will become the first airline in more than a decade to offer international service to Canada and Mexico from Las Vegas when flights to Cancun and Los Cabos begin Dec. 15. (Rick Velotta/Las Vegas Review-Journal)
MGM Resorts International CEO Jim Murren addresses Oct. 1 lawsuits
MGM Resorts International Chairman and CEO Jim Murren addresses criticism his company has received for filing a lawsuit against the survivors of the Oct. 1 shooting. (K.M. Cannon/Las Vegas Review-Journal)
MGM Resorts International opens the doors on MGM Springfield
Massachusetts’ first hotel-casino opens in downtown Springfield. The $960 million MGM Springfield has 252 rooms and 125,000-square-feet of casino. (K.M. Cannon/Las Vegas Review-Journal)
MGM Resorts International prepares to open MGM Springfield
Las Vegas-based MGM Resorts International gave news media and invited guests a preview of the $960 million MGM Springfield casino in Massachusetts. The commonwealth's first resort casino will open Friday, Aug. 24. (K.M. Cannon/Las Vegas Review-Journal)
A Walk Through Circus Circus
It only takes a short walk through Circus Circus to realize it attracts a demographic like no other casino on the Strip: families with young children. (Todd Prince/Las Vegas Review-Journal)
Morphy Auctions, a vintage slot machines seller, wants gaming license
Vice president Don Grimmer talks about Morphy Auctions at the company's warehouse located at 4520 Arville Street in Las Vegas on Thursday, Aug. 16, 2018. (Rick Velotta/Las Vegas Review-Journal)
Nevada's venture capital money doesn't stay in state
Zach Miles, associate vice president for economic development for UNLV, said there’s venture money in Southern Nevada, “but trying to find the right groups to tap into for that money is different.” According to a 2017 report from the Kauffman Foundation, Las Vegas ranked number 34 out of 40 metropolitan areas for growth entrepreneurship, a metric of how much startups grow. With a lack of growing startups in Las Vegas, investment money is being sent outside of state borders. The southwest region of the U.S. received $386 million in funding in the second quarter, with about $25.2 million in Nevada. The San Francisco area alone received about $5.6 billion. (source: CB Insights)
Neon wraps can light up the night for advertising
Vinyl wrap company 5150 Wraps talks about neon wraps, a new technology that the company believes can boost advertising at night. (Marcus Villagran/Las Vegas Review-Journal) @brokejournalist
Nevada on the forefront of drone safety
Dr. Chris Walach, senior director of Nevada Institute for Autonomous Systems, talks to a reporter at NIAS's new Nevada Drone Center for Excellence of Public Safety, located inside the Switch Innevation Center in Las Vegas. K.M. Cannon Las Vegas Review-Journal @KMCannonPhoto
Motel 8 on south Strip will become site of hotel-casino
Israeli hoteliers Asher Gabay and Benny Zerah bought Motel 8 on the south Strip for $7.4 million, records show. They plan to bulldoze the property and build a hotel-casino. Motel 8 was built in the 1960s and used to be one of several roadside inns on what's now the south Strip. But it looks out of place today, dwarfed by the towering Mandalay Bay right across the street.
Project billed as one of the world's largest marijuana dispensaries plans to open Nov. 1
Planet 13 co-CEO Larry Scheffler talks about what to expect from the new marijuana dispensary, Thursday, July 19, 2018. (Marcus Villagran/Las Vegas Review-Journal) @brokejournalist
Oasis Biotech opens in Las Vegas
Brock Leach, chief operating officer of Oasis Biotech, discusses the new plant factory at its grand opening on July 18. (Bailey Schulz/Las Vegas Review-Journal)
UNLV Tech Park innovation building breaks ground
Construction on the first innovation building at the UNLV Tech Park is underway. (Bailey Schulz/Las Vegas Review-Journal)
Caesars Forum Meeting Center
Caesars broke ground Monday on its $375 million Caesars Forum Meeting Center (convention center) just east of the High Roller observation wheel. (Caesars Entertainment)
Technology reshapes the pawn shop industry
Devin Battersby attaches a black-colored device to the back of her iPhone and snaps several of the inside and outside of a Louis Vuitton wallet. The device, installed with artificial intelligence capabilities, analyzes the images using a patented microscopic technology. Within a few minutes, Battersby receives an answer on her app. The designer item is authentic.
Recreational marijuana has been legal in Nevada for one year
Exhale Nevada CEO Pete Findley talks about the one year anniversary of the legalization of recreational marijuana in Nevada. (K.M. Cannon/Las Vegas Review-Journal)
Young adults aren't saving for retirement
Financial advisors talk about saving trends among young adults. (Bailey Schulz/Las Vegas Review-Journal)
TOP NEWS
News Headlines
Add Event
Home Front Page Footer Listing
Circular
You May Like

You May Like