Sports Gambling in the Post-Murphy Landscape
Since the Supreme Court’s 2018 ruling in Murphy v. NCAA, which struck down the Professional and Amateur Sports Protection Act, the sports betting industry has expanded at an extraordinary rate. Sports wagering is now legal in 38 states and Washington, D.C. In 2024, licensed sportsbooks handled nearly $150 billion in bets and generated more than $14.2 billion in operator revenue. State and local governments collected roughly $2.9 billion in taxes, and the federal government received over $375 million through the federal excise tax. This expansion, however, has also produced a complicated and evolving set of regulatory and compliance challenges.