Sports betting may soon be legal in Indiana
On December 4th, the Supreme Court will hear oral arguments in a case that could lead to overturning the Professional and Amateur Sports Protection Act (PASPA) of 1992. This legislation prohibits full-fledged sports betting outside Nevada. Earlier this fall, Attorney General Curtis T. Hill, Jr. and elected officials from 21 other states filed an amicus brief in favor of overturning PASPA. A brief look into the numbers makes it clear why local officials want this federal mandate to end. A recent study by Oxford Economics found that if Indiana’s 13 casinos were allowed to offer legalized sports betting the Hoosier State could see:
A $394.7 million increase in economic output
The creation of 2,565 jobs
An increase of $110.1 million in wages across the state
A $195.2 million increase in the state’s GDP
The American Gaming Association (AGA) has filed an amicus brief to show support for having PASPA overturned and allowing each state to determine its own sports betting laws.
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