Justin’s note: Today, we turn to Strategic Investor editor E.B. Tucker for more on one of the biggest investment opportunities today: the legal sports betting market.
E.B. has been following this trend since May, when the Supreme Court opened up the floodgates to this new, multibillion-dollar industry.
In today’s essay, E.B. shows why the once-illegal sports betting market will be as lucrative as selling alcohol… why it will be bigger than the entire legal marijuana space… and most importantly, how early investors can stake a claim…
By E.B. Tucker, editor, Strategic Investor
Last month, I showed you how the Supreme Court ushered in a new, billion-dollar market with its landmark ruling on sports betting in May.
Just to catch you up, the case revolved around something called the Professional and Amateur Sports Protection Act (PASPA). It outlawed sports betting across the U.S. The only exceptions were states such as Nevada that already had sports betting laws on the books.
What the Supreme Court decided in May was that PASPA was unconstitutional. Specifically, the court ruled that PASPA violated the Tenth Amendment to the U.S. Constitution, which states that any powers not specifically delegated to the federal government have to be left up to the states to decide on.
And it didn’t take long for states to make up their minds…