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That’s not to mention the illegal bets gamblers placed with bookies or the online bets wagered with offshore-based sportsbooks like Bovada . The Professional and Amateur Sports Protection Act of 1992 forced states to keep sports gambling bans on the books. Nevada, which had full-scale sports gambling, including single-game bets, was grandfathered in. So were a few other states that had more restricted sports gambling. New Jersey wanted to legalize sports betting in its casinos and racetracks and challenged that PASPA was unconstitutional. It won via the Supreme Court’s 6-3 decision on May 14. The ruling leaves individual states to decide whether to legalize sports gambling and how to regulate it. In the 12-month period ending April 30, Nevada casinos made $259.8 million off sports bets, according to the latest Nevada Gaming Control Board revenue report . By comparison, those casinos made $7.53 billion off slots, $1.23 billion of baccarat and $1.17 billion off blackjack. Sports bets accounted for 2.2 percent of Nevada casinos’ win totals during that 12-month period.
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