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But they only had 60 days to put this all together. It’s the result of a Supreme Court ruling in May, due to a lawsuit brought by the state of New Jersey, that struck down the Professional and Amateur Sports Protection Act, a federal law enacted in 1992. It’s a day Mississippi legislators foresaw. They passed legislation for legalized sports betting in 2017 should the federal law be repealed, well aware of the parlay that could follow. The state of Tennessee has not legalized gambling, aside from its statewide lottery and fantasy sports, and doesn’t appear on the verge of doing so soon. Gold Strike Casino President and COO David Tsai officially intrudes sports betting during an opening ceremony in Tunica. (Photo: Mark Weber, The Commercial Appeal) For now, places like Tunica will benefit the most. Consider this: A 2017 study by Oxford Economics, conducted for the American Gaming Association, estimated that sports betting could generate $41.2 billion and result in about $3.4 million in taxes to local governments. In New Jersey, sports bettors reportedly placed more than $16 million in wagers in just the first two weeks sports bets were legal in the state. Also consider this: According to The Action Network, a website dedicated to sports gambling, a casino in Mississippi will now become the closest venue to place a legal sports bet for 22 of the country’s 50 biggest cities.
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