PASPA Decision By Supreme Court To Have No Negative Impact On Triple Crown Betting

PASPA Decision By Supreme Court To Have No Negative Impact On Triple Crown Betting

Horseplayers rejoice! Not only can you legally bet on Justify to win today’s running of the 143rd Preakness Stakes on his way to a possible Triple Crown victory, you can bet on horses and races all year round.

Up until quite recently, fans of other sports would have been unable to hope for the kind of widespread legality that horse betting enthusiasts have enjoyed since the 1970s, but the May 14, 2018, decision by the US Supreme Court to overturn a longstanding federal anti-sports gambling law changed all that.

The highest court in the land issued a 6-3 majority decision to strike down the Professional and Amateur Sports Protection Act of 1992 (PASPA) on Monday, giving all 50 states the ability to legalize, regulate and tax sports betting within their jurisdictions. In many ways, PASPA (which limited legal gambling on sports of any kind to just Nevada, Delaware, Oregon and Montana) is the antithesis of the Interstate Horse Racing Act of 1978 (IHRA), which amounted to a broad federal recognition of the rights of states to regulate horse betting as they saw fit. Under the IHRA, conventional pari-mutuel betting on horses and races, as well as off-track betting, simulcast wagering and even access to legal domestically operated racebooks doing business online was permissible as far as the federal government is concerned, and many states around the nation jumped at that chance.

The situation could not have been much more different for sports betting. PASPA is just one leg of a trifecta of federal laws seemingly aimed at curtailing the legal gambling rights of sports fans, so the fact that the majority of justices on the Supreme Court decided it was patently unconstitutional represents a huge win. Now that PASPA has been stricken from the federal legal rolls, all 50 states will now be able to legislate whatever regulatory practices and taxation plans they chose to implement.

Horse betting enthusiasts have plenty to be proud of when it comes to their hobby, and they’ve got plenty to be excited about before today’s big race. Justify, the leader on the betting boards of all the top legal horse racing betting sites from Bovada to 5Dimes, is looking at some excellent -250 moneyline odds to win the Preakness. As for his chances on the way to contesting for the entire Triple Crown, Justify’s odds are even more remarkable: +150 as of the day of the Preakness Stakes.

Seems to LegalHorseBettingSites.com like the best way to celebrate the good fortune horseplayers have in terms of betting on the ponies is to actually put their luck to the test and get in on the action. Sports bettors were until quite recently unable to have access to all the choices horse bettors have enjoyed for years and years, so don’t let this opportunity go to waste!

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