Just look at any of the numerous sports betting Facebook groups, where unlicensed books in other countries tout their offerings one aggrieved bettor complained Wednesday that after he won a big bet, he asked his bookie to pay him, only to have the man disappear. State regulations include robust consumer protections, with watchdog regulators ready to pounce when they see violations.īut making sports betting legal has not succeeded in wiping out illegal gambling. Over the first four years of legal betting, their revenue figure is $8.8 billion, according to the American Gaming Association, the gambling industry’s national trade group.Ī major rationale for the push to legalize sports betting was to protect customers from being victimized by unlicensed bookmakers, many operating as part of organized crime. After expenses, the sportsbooks generally keep less than 10% of the total amount of bets they handle. Of course, much of that money was paid out to people who won bets. To comprehend just how much $125 billion is, consider this: It’s a bit more than the amount that was spent on pet food, supplies and veterinary care in the entire country last year, and more than the net income for America’s farmers last year. For people that like to do that, sports betting has become far and away the No. The companies say the compact is basically a workaround to a constitutional amendment that requires voters to approve casino gambling in Florida.DraftKings president and co-founder Matt Kalish said: “I got into this industry because I was always the kind of kid who liked to predict things, to compete with my friends and make predictions. The lawsuit is focused on the ability to place mobile sports bets from anywhere in the state, with the computers based on Seminole Tribe lands.

Lawyers for West Flagler Associates and Bonita-Fort Myers Corp have asked the court to consider a ruling blocking the compact approved by the Florida Legislature in 2021 and signed by Gov. The administrative order provided no indications on which way the court ultimately will rule.

The order issued by Roberts calls for the Interior Department to respond to the request for a longer stay by Oct.

The temporary stay will provide time for the full court to consider a longer-term stay. WASHINGTON - Floridians are likely going to have to wait a while to gamble on sports legally in the state.Ĭhief Justice John Roberts issued an administrative stay Thursday on a decision by the U.S.Circuit Court of Appeals earlier this summer that upheld a deal between the Seminole Tribe and the state of Florida that authorized sports betting and the addition of craps and roulette to its current casinos.

Us supreme court sports betting