Court ruling could open up the gambling market in the US

A legendary decision made in a US court in mid-May has the potential to open up the entire US gambling market. It was in the US Supreme Court that the big decision was passed after the high-ranking jurors came to the conclusion that the gambling ban that has been in force in the country since 1992, is actually not compatible with the US Constitution. The new ruling, in turn, means that it is now legal for all US states to provide betting on sports activities.

To be more precise, it is believed that the law that allowed individual states to ban gambling and betting is therefore completely wrong and in some cases even illegal. It is simply a matter of legalizing betting and sports betting, something that was previously illegal under federal law. It was in the state of New Jersey that the appeal process began, where they have previously had a state law that allowed gambling, despite it being prohibited at the federal level.

Free to play and bet

Gambling is something that is appreciated worldwide, but the United States is particularly associated with gambling – there are probably many who immediately think of Las Vegas when the topic of gambling and betting comes up. In this decadent city, as well as in the similar City of Atlantic City located on the eastern side of the United States, throughout history a plethora of different games have been offered on which you can bet money. Millions of tourists from all over the world come here every year, and everyone hopes to comb storkovan home.

Positive for New Zealand players

This change in the law is positive for everyone who is active in the gambling market. Of course, this also includes New Zealand companies. We Kiwis are – and have long been-prominent in the gaming market and this decision gives us the opportunity to develop even more and take more market shares. The fact that this is true became clear as soon as the law change was passed in the US court. Immediately after the decision, the shares of several New Zealand gaming companies rose significantly. Companies such as Betsson and LeoVegas rose by between 1.5-2% while other companies rose by as much as 5.8%.

Strategic moves pay off

The law change also means that several New Zealand gaming companies and online casinos will receive dividends for the bets they have made in recent years. Many of them have recently made strategic investments in the United States, in case what has happened now should happen. Now they get paid for their efforts and will be able to become part of the American Gaming market with minimal efforts. The CEO of one of these companies equates the development with winning the lottery and expects that sports betting will be active in three to four states by the end of the year.

The outcome of the decision is still unknown

Exactly what will result from this historic Court decision remains to be seen. However, it can already be stated that the decision will open up the American Gaming Market and make it something completely different than it was before. The United States has a long tradition of gambling and betting so there are really interesting ways to explore. The decision also makes the market accessible to all players, both domestic and international. In conclusion, one can only state that this development will be very interesting to follow in the future.