See the most recent update on this topic: D.C. Council Passes Sports Betting Bill
Sports betting is a multi-billion-dollar industry. But outside of the casinos in Las Vegas, Nevada, it has traditionally been run and controlled illegally by the criminal underworld or shady offshore enterprises. That all changed when the Supreme Court determined that any state can choose to legalize sports betting in the landmark case of Murphy v. NCAA.
States are now free to enact legislation that permits online or live site sports betting in their jurisdiction. ESPN has a state-by-state tracker that does an excellent job of updating that status of legalization and pending legislation around the country that you can find here. The state laws and legislation vary greatly and must be closely analyzed to determine the scope and extent of sports gaming in each jurisdiction.
My firm, Offit Kurman, and I will be monitoring this activity, as well as the opportunities available to individuals and businesses that are interested in exploring opportunities for licensure, permitting and other ways to get involved in this emerging marketplace. With New Jersey, Pennsylvania, Delaware, and West Virginia already in the fold, we see the District of Columbia and perhaps even Maryland following close behind. We will keep you updated on these legal developments and opportunities for business development in the industry.
ABOUT IAN THOMAS
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Ian Thomas is an attorney in Offit Kurman’s Commercial Litigation practice group. Ian likes to apply a “think-outside-the-box” approach to litigation, through which he seeks to find creative ways to resolve each legal issue that his clients face. In applying this approach, Ian is able to identify a diverse and cost-effective set of options to resolve any legal problem that his clients encounter.
ABOUT OFFIT KURMAN
Offit Kurman is one of the fastest-growing, full-service law firms in the mid-Atlantic region. With over 185 attorneys offering a comprehensive range of services in virtually every legal category, the firm is well positioned to meet the needs of dynamic businesses and the people who own and operate them. Our twelve offices serve individual and corporate clients along the I95 corridor in the Virginia, Washington, DC, Maryland, Delaware, Pennsylvania, New Jersey, and New York City regions. At Offit Kurman, we are our clients’ most trusted legal advisors, professionals who help maximize and protect business value and personal wealth. In every interaction, we consistently maintain our clients’ confidence by remaining focused on furthering their objectives and achieving their goals in an efficient manner. Trust, knowledge, confidence—in a partner, that’s perfect.
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