Sportech: Pure Play On The Sports Betting Revolution [Seeking Alpha]
Scientific Games Corp (SGMS)
Last scientific games corp earnings: 2/18 04:01 pm
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Source: Seeking Alpha
Sportech: Pure Play On The Sports Betting Revolution Background on Sports Betting in the U.S. Congress enacted the Professional and Amateur Sports Protection Act (PASPA) or Bradley Act (in reference to Bill Bradley one of the bill's sponsors) and President George H. W. Bush signed the bill October 28, 1992. PASPA effectively prohibited any sports gambling in the United States, with some minor exceptions (e.g. Las Vegas). Bill Bradley, a former NBA star and NJ Senator, pushed for the legislation in order to " protect the integrity of the game New Jersey, behind Governor Chris Christie, enacted a law allowing sports betting in January 2012 at certain racetracks and casinos. Amateur and professional leagues protested almost immediately and ultimately prevented sports betting in NJ from ever happening by effectively arguing it violated PASPA. The back and forth continued for 5 years culminating in the Supreme Court deciding to hear the case. Supreme Court's Game Changer On May 14, 2018, t
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