The highest court in the land has struck down a law that banned sports betting in all states except Nevada, but some eager gamblers in New Jersey, the origin of the court battle, may still have to wait to wager. Per the New York Times, that's because even the Garden State, home to Atlantic City, doesn't yet have legislation in place to regulate sports betting in casinos and racetracks. Nor have those facilities had time to fully realize their sports betting operations. But now, even as state lawmakers are just beginning the process of creating a legal framework for the practice, business owners in New Jersey are hoping to start taking bets as soon as possible. For Monmouth Park Racetrack, that could be as soon as two weeks from now—even if legislation has not yet been enacted.
As the Asbury Park Press notes, places like Meadowlands Racetrack, less than an hour outside New York City, aren't hitting the gas quite yet. Meadowlands operator Jeff Gural told the paper he intends to wait until legislators have their say before taking any bets. Monday's historic Supreme Court ruling struck down a 1992 federal law that has required states other than Nevada to ban gambling on sports. Nevada was grandfathered in at the time and has since had a monopoly on legal sports betting. New Jersey and its then-Gov. Chris Christie mounted the Supreme Court challenge to the 1992 law, arguing that the Professional and Amateur Sports Protection Act violates the 10th Amendment by forcing states to carry out a federal dictate. In a 6-3 ruling Monday, the high court agreed and struck down the law. (Read more sports betting stories.)