Bet on It: Sports World Gears Up for Gambling

Money Talking | May 18, 2018

Sports bettors have a lot to celebrate this week.

On Monday, the Supreme Court struck down a 1992 federal law that had banned betting on sports in most states. In effect, the decision paved the way for any state to legalize gambling on sports.

The ruling comes from a years-long court battle led by the state of New Jersey, which is expected to be among the first states to implement legal gambling. Tax-collectors, leagues, owners and fans are seeing a lot of dollar signs. But who will benefit the most, and when?

This week on Money Talking, Charlie Herman speaks with Joe Nocera, an op-ed columnist for Bloomberg, and David Purdum, a sports betting reporter at ESPN.

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