The U.S. Supreme Court has struck down the Professional and Amateur Sports Protection Act, the federal law that prohibits gambling on such sports as professional and collegiate football, baseball and basketball in most states. And while there’s been no move in Colorado to embrace such a system of late, the smart money is betting that will change soon, and generate an eye-popping cash windfall.
This last wager has been placed by Eilers & Krejcik, a research firm that tracks state gambling legislation, among other things. The operation predicted last year that if the Supremes sided with New Jersey in its challenge to the aforementioned act, as they did, Colorado would join the states that allow gambling within two years, with revenue projections that top out at more than $259 million.
With the recent Supreme Court ruling on Sports Betting in the U.S. it’s now up to the State of Colorado to define how Sports Betting gets implemented here. We don’t want the OTBs left out (with only the Mountain Casinos benefiting). Our customers are extremely supportive of us being one of the allowed sites.