This month the Supreme Court issued a decision striking down a 1992 federal law banning commercials sports betting in 46 states. In one fell swoop, the 6-3 decision swung open the door for individual states to decide for themselves whether to allow sports betting within state boundaries. The decision, which may mean legalizing the estimated $150 billion in illegal wagers on professional and amateur sports that Americans make every year (http://nnw.fm/g6LGx), also has massive impact on sport betting organizations such as SinglePoint, Inc. (OTCQB: SING), which has been in the daily fantasy sports arena since March 2016. Other companies that stand to benefit from this milestone ruling include Caesars Entertainment Corporation (NASDAQ: CZR), MGM Resorts International (NYSE: MGM), Penn National Gaming Inc. (NASDAQ: PENN) and Boyd Gaming Corporation (NYSE: BYD).
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