If you're a fan of sports gambling but don't have the luxury of visiting Las Vegas every weekend, then you're about to receive some good news.
The U.S. Supreme Court struck down a 1992 federal law that prohibited most states from allowing legalized sports gambling. The court said in a 6-3 ruling that the law was unconstitutional because it prevented states from determining their own policy. Many states have wanted legalized sports gambling as a way to increase revenues and tourism.
The original 1992 law was supported by the NCAA, NFL and NBA, although current NBA commissioner Adam Silver no longer supports the prohibition. The NBA and MLB said they will begin lobbying states to legalize sports gambling, while the NFL says they'd like Congress to take up the issue and create a regulatory framework around the issue.
Several states have previously passed legislation allowing sports gambling, but were unable to enact those laws due to the federal prohibition. There are also bills in front of other state legislatures that would allow it as well.
Of course, a case where the Supreme Court decides that a federal prohibition against a policy that can generate money for the states is something marijuana advocates should also celebrate. Essentially, this same argument could be used against the federal prohibition of marijuana. Although it's unclear if that would actually be the case.
Good thing Las Vegas now has legalized marijuana, because they're about to lose a few more customers.