Sports Betting – Will the Tribes be Shutout?

Whether it’s members of Congress making highly publicized bets against each other on their hometown teams in the college national championships, March Madness office pools, or the massive amounts wagered on the Super Bowl each year, sports betting is a well-established American pastime. All this, of course, notwithstanding the federal ban on sports betting in all localities except Nevada, Delaware, Montana, and Oregon, codified in the Professional and Amateur Sports Protection Act (PASPA), though Nevada is the only state which currently offers such wagering.

Recent developments in New Jersey and other locations are presenting legal challenges to PASPA, and many believe this law will be rendered inoperable Continue Reading