Fan Duel

With a vote of 6-3 in Murphy v. National Collegiate Athletic Association on May 14, the United States Supreme Court determined that the federal ban on sports betting as established by the Professional and Amateur Sports Protection Act of 1992 (PASPA) is unconstitutional, paving the way for the legalization of sports betting in all 50 states.

The American Gaming Association estimates that Americans illegally wager about $150 billion on sports each year, but don’t expect Texas to “say yes” anytime soon.