Congress To Hold Sports Betting Hearing Sept. 27Lawmakers To Talk About Industry In Wake Of PASPA Repeal |
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After multiple false starts, Congress will take up sports betting in a hearing slated for Sept. 27.
According to ESPN, a House Judiciary subcommittee scheduled a hearing titled “Post-PASPA: An Examination of Sports Betting in America.” The Subcommittee on Crime, Terrorism, Homeland Security and Investigation will look at the fledgling industry, which was given the green light by a mid-May U.S. Supreme Court ruling. So far, a handful of states have launched sports betting thanks to that ruling. SCOTUS ruled that the federal government can’t force states to enforce a ban on the activity. The challenge to the 1992 sports betting ban was led by New Jersey.
“As legalized sports betting spreads across the states, there is a need for consistent, nationwide integrity standards to safeguard the sports millions of fans love,” the NBA, PGA Tour and Major League Baseball said in a joint statement. “We strongly support the legislative framework outlined by Senator Schumer and we encourage Congress to adopt it.”
What is at stake is a sports betting market that could grow to nearly $16 billion if all 50 states have it. Americans are said to bet about $150 billion each year on sports, with only about $5 billion, historically, coming in Nevada, previously the only state with the activity.
“Legal, regulated sports betting will enable increased transparency and enhance protections for consumers and bet and game integrity,” American Gaming Association senior vice president Sara Slane said in a statement Thursday. “We look forward to discussing the U.S. gaming industry’s core principles for legalized sports betting with the Judiciary Committee at next week’s hearing.”
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