The Supreme Court’s Decision May Change Sports Betting Laws

A sportsbook is a business venture where participants place bets on sports events. These businesses require well-capitalized owners, and the laws on sports betting differ from jurisdiction to jurisdiction. The business model is based on the law of large numbers, which ensures that bookmakers will make a profit. Though there are no clear-cut rules for legality of sportsbooks, the Supreme Court’s decision is catalyzing a change in sports betting laws in the U.S.