Between January 1, 2015 and January 1, 2019 states could exempt a lottery, sweepstakes, or other betting, gambling, or wagering scheme from the federal ban by passing laws enabling those forms of sports gambling. Currently, federal law prohibits sports gaming from occurring in 46 states.
What is House Bill H.R. 416?
Cost of House Bill H.R. 416
In-Depth: There are only four states that took advantage of a 1992 law which gave states a four-year window to legalize sports betting — including Delaware, Montana, Nevada, and Oregon. Of those states, only Delaware and Nevada have casinos or retail sites open to the public for sports gambling.
The lead sponsor of this legislation, Rep. Frank LoBiondo (R-NJ), has also introduced a bill legalizing sports gambling in New Jersey only, but believes this proposal can gain more traction:
“As it is critical that consensus and majority support be garnered to move any legislation through Congress, it would be nearly impossible to pass federal legislation if it is perceived as New Jersey vs the 45 other states. I firmly believe the best legislative strategy to actually accomplishing our shared goal is to give states another opportunity to provide sports-betting within their borders.”
Currently this bill has the bipartisan support of two Democrats and one other Republican who have cosponsored this legislation in the House of Representatives.
Of Note: Sports gambling in the form of fantasy football leagues has received significant media attention after allegations emerged that employees of two companies that offer the leagues had engaged in insider trading — allowing them to unfairly win cash prizes.
Media:Summary by Eric Revell
(Photo Credit: Flickr user Chimpanz APe)
Sports Gaming Opportunity Act of 2015
To amend chapter 178 of title 28 of the United States Code to permit during a 4-year period States to enact statutes that exempt from the operation of such chapter, lotteries, sweepstakes, and other betting, gambling, or wagering schemes involving professional and amateur sports.
- Not enactedThe President has not signed this bill
- The senate has not voted
- The house has not voted
Crime, Terrorism and Homeland SecurityCommittee on the JudiciaryIntroducedJanuary 20th, 2015
- house Committees