Las Vegas loses lock on legalized sports betting

The Supreme Court on Monday cleared the way for states to legalize sports betting, striking down a 1992 federal law that limited such gambling and likely touching off a nationwide battle to dominate what is sure to be a multi-billion-dollar industry.

The justices ruled in favor of New Jersey, which had long argued that the federal law unconstitutionally intruded on state affairs, telling state legislators what they can and — more importantly — can’t do with their time.

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