Vicksburg is anticipating tourism boost from sports betting

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"A betting state like Kentucky should do well with sports betting", he said.

Within hours of the Supreme Court ruling, two leading fantasy sports companies - FanDuel and DraftKings - announced plans to branch out into sports wagering.

On the web page that includes Hatch's statement, a few bullet points are laid out, including one that says, "The Supreme Court has acknowledged that Congress can regulate sports betting directly". It was a costly six-year fight between the federal government and the state of New Jersey.

The responsibility now falls on the State of NY to define what sports betting will be allowed as well as write legislation regulating this new form of wagering.

Gov. Phil Murphy and Stephen Sweeney, the New Jersey Senate president, confirmed an aggressive timeline targeting June 7 for a vote on a bill.

But states are already moving quickly to enact their own laws, with some legislators wanting fans to be able to place wagers by the time football season starts this fall.

Justice Samuel Alito wrote in the majority opinion that "the legalization of sports gambling is an important policy choice, but the choice is not ours to make".

Why wouldn't they? Lotteries reported sales of $70.1 billion in 2014. The Constitution's 10th Amendment ("The powers not delegated to the United States by the Constitution, nor prohibited by it to the states, are reserved to the states respectively, or to the people") means, the court has held, that "while Congress has substantial powers to govern the nation directly, including in areas of intimate concern to the states, the Constitution has never been understood to confer upon Congress the ability to require the states to govern according to Congress' instructions".

Estimates from the American Gaming Association peg underground sports betting as a $150 million industry, and some consider that a very conservative estimate. They bring $619 per person, up about $135 from 2012.

But the states are not the only winners here.

" I think it is going to be a free-for-all for quite some time and the legislature is probably going to take quite a while to sort through this issue", said Clyde Barrow, who is the chair of the political science department at the University of Texas-Rio Grande Valley and who has long followed the New England casino market.

Not pictured: high school sports. Joplin resident Todd Loudis says interest in games is often tied to gambling.

What does this mean for states that are eyeing legalizing sports betting as a way to boost state coffers? To do so, they'll be looking to place their bet with one of the leaders in the industry like MGM, Boyd Gaming, and Caesars Entertainment.

While widespread betting raises the potential of outcomes being rigged, leagues and teams say legalization actually could help stymie such schemes. Until now, Rhode Islanders wishing to participate in this activity had to bring their money out of state or play illegally. The NCAA and the professional sports leagues again filed suit, and the Third Circuit once again struck down the law, stating that, although the legislature "artfully couched" the new law repealing the prohibitions, it nonetheless "authorized" sports gambling, which was impermissible because of PAPSA. Twitter is going to see an uptick in usage. The states that have already regulated internet poker have proven that it can be done in a way the benefits consumers and governments. With gambling becoming legal, Twitter will likely look into how it can get a piece of the action as an information conduit. I don't know. I have a feeling the Vegas experience will be fundamentally altered for a lot of people in years to come. "They're all automated, and they go out there and search for trends".

All 50 states are now free to sponsor gambling on sporting events.

Not everyone is a victor with this ruling. "They're going to try different tax rates, different levels of product availability, online and offline".

Forget yesterday's news. Get what you need today in this early-morning email. So, you could make a case for professional gamblers coming out on the losing side (to an extent). But in college, there will be guys willing to take $500 to fumble on the goal line.

Legalized sports gambling will lead to more financial losses and addiction for individuals, and more pressure on players to fix games.