Connecticut wants to legalize sports betting

Connecticut wants to legalize sports betting

It is expected, that the state of Connecticut will legalize sports betting until the year 2019, if PASPA will be canceled by the U.S. Supreme Court.

Professional and Amateur Sports Protection Act of 1992 (PASPA) may soon be canceled by the U.S. Supreme Court, after New Jersey contested the federal ban on this segment. If this to happen, Connecticut is ready to allow sports betting by the end of 2018, as the state reckons to collect tens of millions of dollars profit annually.

Connecticut wants to take over the state’s black market, which is estimated to cost around 60 to 150 billion U.S. dollars. For this to happen, the state would have to enact legislation to legalize the segment but Mohegan chairman Kevin Brown reckons, that this may happen during another session of the next year.