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Business

Schumer and Hatch lay down nationwide sports-betting bill

By
Richard Morgan
Published Dec. 19, 2018, 7:36 p.m. ET

Congress is looking to regulate sports betting nationwide under a bill introduced Wednesday.

In what looks like the first federal response to New Jersey’s victory in a Supreme Court case in May that paved the way for legalized sports betting nationwide, the bipartisan bill would require the Department of Justice to establish minimum standards for all states that legalize the activity.

Introduced by Democrat Sen. Charles Schumer of New York and Republican Sen. Orrin Hatch of Utah, the Sports Wagering Market Integrity Act of 2018 also denies the sports leagues the so-called “integrity fees” they have been seeking in new legislation, essentially a cut of sports betting revenue.

“As a lifelong sports fan, I treasure the purity of the game,” Schumer told the Associated Press, which first reported on the bill.

“I knew that Congress had an obligation to ensure that the integrity of the games we love was never compromised,” Schumer added. “That is why I believe the time is now to establish a strong national integrity standard for sports betting.”

Hatch, who is retiring at the end of the year, said the legislation represented “eight months of high-level meetings, discussions, and negotiations, and will serve as a placeholder for the next Congress.”

Since New Jersey’s Supreme Court victory, sports betting has been governed by a patchwork of laws that vary in each of the eight states that already allow sports betting.

The country’s professional leagues have thrown their support behind a nationwide set of rules.

The NFL is already supporting the bill, according to the AP, which cited a letter to its sponsors that claims “the threats posed to the integrity of sporting contests cannot be confined within state borders.”

ESPN reported the bill also has approval from the NCAA, which called federal standards necessary “to promote a safe and fair environment for the nearly half a million students who play college sports.”

Those fears, however, failed to move the American Gaming Association, which represents the $261 billion US casino industry.

Calling the bill “a solution in search of a problem,” the AGA predicted federal regulation of sports betting would prove itself “a non-starter.”