It was only slightly more than three years ago, in May of 2018, that New Jersey successfully challenged the Professional Amateur Sports Protection Act (PASPA) in the Supreme Court, thus paving the way for all 50 states to legalize sports gambling. Now, in September 2021, New Jersey has become the first state to eclipse $1 billion in monthly handle, which is the total amount of money in wagers accepted and is perhaps the best indicator of success in the gambling industry. With this milestone in the rearview mirror, and with sports gambling growing at an exponential rate, it is useful it to take a look at the impact of the landmark Supreme Court decision in Murphy and think about both the short- and long-term future for sports betting around the country.
This post was originally published on the Cardozo Arts & Entertainment Law Journal website on November 10, 2021. The original post can be accessed via the Archived Link button above.
Semaya, Scott, "New Jersey Becomes the First State to Eclipse $1 Billion Sports Betting Monthly Handle: What Does that Mean for the Rest of the Country?" (2021). AELJ Blog. 302.