WASHINGTON (AP) — The Latest on the Supreme Court ruling striking down a federal law that bars gambling on football, basketball, baseball and other sports in most states (all times local):
3:50 p.m.
Casino giant Caesars Entertainment says you can bet it will expand its sports wagering business to states where it says secure and responsible gambling is legalized.
It's not talking yet about details.
Company president and chief executive Mark Frissora says Monday's ruling by the U.S. Supreme Court could end illegal sports wagering by replacing it with a well-regulated alternative that sports fans can trust.
Las Vegas-based Caesars operates 47 casinos in 13 U.S. states and five countries.
Frissora says the company will announce its specific approach to adding sports books after regulations evolve from the court ruling.
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3:45 p.m.
New Jersey lawmakers have introduced new legislation that would regulate and tax sports betting, hours after the U.S. Supreme Court cleared the way for states to legalize it.
A bill sponsored Monday by Democratic state Senate president Steve Sweeney and others would set an 8 percent tax rate for bets made in person at casinos and racetracks, and 12.5 percent on online bets.
The state Division of Gaming Enforcement, Casino Control Commission, and state Racing Commission would all be involved in regulating sports bets that would be placed through casinos and racetracks.
The bill would presumably supplant one introduced last week that would have paid an "integrity fee" to the sports leagues, in effect giving them a cut of the proceeds from sports betting.
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2:40 p.m.
The National Council on Problem Gambling says the high court ruling offers the largest potential expansion of gambling in U.S. history, and predicts many more people will develop gambling problems or worsen existing ones unless steps are taken to minimize risks.
Marlene Warner, the group's board president, says any governmental body and sports league that receives money from sports betting revenue should be required to dedicate funds to prevent and treat gambling problems.
Earlier Monday, the Supreme Court struck down a federal law that bars gambling on football, basketball, baseball and other sports in most states, giving states the go-ahead to legalize betting on sports.
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2:35 p.m.
The chairman of the Senate Finance Committee says he'll propose legislation that would establish standards for sports betting that will uphold the integrity of the game, protect consumers and safeguard against underage gambling.
Republican Sen. Orrin Hatch of Utah says Congress cannot allow uneven enforcement and a patchwork of state laws regarding sports betting result in a "race to the regulatory bottom."
Hatch is reacting after the Supreme Court struck down a law that he helped write in 1992 that forbade state-authorized sports gambling, with some exceptions. It made Nevada the only state where a person could wager on the results of a single game.
Hatch says the 1992 law was created to protect the integrity of athletics from corruption. He says the upcoming legislation will have that focus, too.
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2:20 p.m.
A New Jersey horse track says it plans to start taking bets within two weeks "unless someone stops us."
At a news conference at Monmouth Park racetrack in Oceanport, New Jersey, Dennis Drazen, chairman and CEO of Darby Development LLC, which operates the track, said he envisions wagering via kiosks, websites and mobile apps.
The track already has a sports book set up.
Drazen said he will take his cue from lawmakers, who were huddling with Democratic Gov. Phil Murphy's office before deciding when to act on a bill they have already introduced to regulate sports betting.
Deputy Assembly Speaker John Burzichelli said it will probably be several weeks before a revised bill is enacted.
Earlier Monday, the Supreme Court struck down a federal law that bars gambling on football, basketball, baseball and other sports in most states, giving states the go-ahead to legalize betting on sports.
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1:25 p.m.
A gambling market researcher says the market for legal sports betting could be more than $57 billion nationwide.
Analyst David Katz of the Jefferies firm in New York is projecting modest near-term positive effects on the gambling industry following Monday's Supreme Court ruling.
His analysis says regional casino operators Penn National Gaming and Caesars Entertainment could be possible big winners.
The analysis says negotiating and establishing regulations and licenses could take time, and that gambling technology companies Scientific Gaming Corp. and IGT also are well-positioned to benefit from the ruling.
Representatives of the four publicly traded companies did not immediately respond to messages seeking comment.
Las Vegas-based MGM Resorts International welcomed an expansion of sports betting to other states, saying it offers a chance "to protect consumers and benefit the public by regulating and taxing sports betting."
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12:55 p.m.
The NFL plans to ask Congress "to enact a core regulatory framework for legalized sports betting" following the Supreme Court's ruling that would allow sports wagers in most states.
In its statement, the NFL noted that "Congress has long recognized the potential harms posed by sports betting to the integrity of sporting contests and the public confidence in these events."
The NFL also said it will work closely with teams to ensure that any state proposals "protect our fans and the integrity of our game."
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12:50 p.m.
The PGA Tour has restated its support of sports gambling following a Supreme Court ruling that overturned a federal law barring gambling in most states. The tour's position is similar to the NBA and Major League Baseball on gambling issues and it says it will continue to work with state legislators and regulators.
The tour last year established a program that requires players on all six circuits the PGA Tour manages to take part in an online tutorial that, among other things, illustrates some of the far-reaching effects of gambling.
"We believe that regulation is the most effective way of ensuring integrity in competition, protecting consumers, engaging fans and generating revenue for government, operators and leagues," the tour said in a statement.
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12:45 p.m.
NBA Commissioner Adam Silver says the league remains a favorite "of a federal framework that would provide a uniform approach to sports gambling in states that choose to permit it."
Silver said the league would "remain active" in ongoing discussions with state legislatures in the wake of the Supreme Court's ruling. Silver added that "regardless of the particulars of any future sports betting law, the integrity of our game remains our highest priority."
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12:30 p.m.
Daily fantasy sports operator DraftKings says it's poised to enter the sports-betting market after the U.S. Supreme Court struck down the federal law that bans gambling on sports in most states.
The Boston-based company said Monday it had been preparing to launch a sports betting platform and apply for state operating licenses ever since the high court announced it would take up the case.
DraftKings chief executive Jason Robins says he expects several states to formally legalize sports betting before the start of the NFL season in September.
Robbins says DraftKings will push for regulations in those states that put "smart consumer protections" in place but aren't overly restrictive.
He says the company is well-positioned to enter the market because of its experience with offering daily fantasy sports games.
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11:45 a.m.
Major League Baseball has issued a statement saying the Supreme Court ruling will have "profound effects" on the league. It said "our most important priority is protecting the integrity of our games."
MLB said it would continue supporting legislation "that creates air-tight coordination and partnerships between the state, the casino operators and the governing bodies in sports toward that goal."
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11:29 a.m.
Tony Clark, the head of the Major League Baseball Players Association, calls the Supreme Court's ruling on sports betting "monumental, with far-reaching implications for baseball players and the games we love."
Clark said the topic must be addressed "urgently and thoughtfully to avoid putting our sport's integrity at risk as states proceed with legislation."
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11:20 a.m.
New Jersey Gov. Phil Murphy and former governor Chris Christie are praising the Supreme Court's ruling clearing the way for sports betting. One of the state's racetracks says it plans to start taking bets "as soon as possible."
Murphy, a Democrat, says he's thrilled and credited the court victory to his predecessor, Christie.
Christie, a Republican, called it a "great day" for the public in a tweet and says he's proud to have fought to give the public the right to bet.
Monmouth Park racetrack has already established a sports betting facility and said it plans to take bets "as soon as possible."
Dennis Drazin is chairman and CEO of Darby Development LLC, which operates the track. He says the ruling could help the state's struggling horse racing industry.
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11: 15 a.m.
Alex Waldrop, president and CEO of the National Thoroughbred Racing Association, says the horse-racing industry "must rise to the challenges and seize the opportunities presented by this expansion of sports betting." Before the Supreme Court's ruling, horse racing was the only legal form of sports gambling widely available across the U.S. in person and online.
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11:15 a.m.
Washington Capitals and Wizards owner Ted Leonsis calls the Supreme Court decision "a great one for sports fans" and adds he's eager to embrace the expansion of sports betting in the U.S.
Leonsis says the decision "brings a multibillion dollar industry out of the shadows and into the sunlight, where its integrity can be guaranteed and consumers can be better protected" and that it will change the face of sports fandom for the better.
Leonsis says in a statement released Monday he believes legalized betting will protect the integrity of sports against potential corruption and paves the way to implement safeguards against fraud.
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11:02 a.m.
Pennsylvania Gov. Tom Wolf's spokesman says the new revenue from sports betting will be good for the state's budget, which has struggled through persistent deficits since the recession.
Pennsylvania, already the nation's No. 2 commercial casino state behind Nevada, prospectively legalized sports betting last fall in an aggressive casino expansion bill. Lawmakers gave the Pennsylvania Gaming Control Board authority to regulate sports betting.
Owners of the state's 12 licensed casinos can apply for a license for $10 million to operate sports betting in the casino, at another facility or online. The state tax rate would be 34 percent, with smaller percentages set aside for local governments where the casinos are located.
With 12 casinos operating, Pennsylvania is the nation's No. 2 state for commercial casino revenue, behind Nevada. At $1.4 billion, it is No. 1 in tax revenue from casino gambling.
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11 a.m.
The NCAA's chief legal officer says the organization is still reviewing the Supreme Court's decision but adds that it "will adjust sports wagering and championship policies to align with the direction from the court.
Donald Remy added that the NCAA is reviewing the decision "to understand the overall implications to college sports."
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10:53 a.m.
The American Gaming Association calls the Supreme Court's decision to strike down a federal law barring gambling in most states "a victory for the millions of Americans who seek to bet on sports in a safe and regulated manner."
Geoff Freeman, the organization's president and CEO, cited a Washington Post survey saying that 55 percent of Americans believe it's time to end the federal ban on sports betting. Freeman said the Supreme Court ruling makes it possible "to give Americans what they want: an open, transparent and responsible market for sports betting."
The American Gaming Association is a trade group representing the U.S. casino industry. Members of the organization include commercial and tribal casino operators, suppliers and other entities affiliated with the gaming industry.
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10:11 a.m.
The Supreme Court has struck down a federal law that bars gambling on football, basketball, baseball and other sports in most states, giving states the go-ahead to legalize betting on sports.
The Supreme Court on Monday struck down the Professional and Amateur Sports Protection Act. The 1992 law barred state-authorized sports gambling with some exceptions. It made Nevada the only state where a person could wager on the results of a single game.
One research firm estimated before the ruling that if the Supreme Court were to strike down the law, 32 states would likely offer sports betting within five years.
The court's decision came in a case from New Jersey, which has fought for years to legalize gambling on sports at casinos and racetracks in the state.