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Online Gambling Expands With FanDuel, DraftKings | PYMNTS.com

The decision came down 6-3, representing a victory for several states that would like to tap into sports gambling as a way to generate revenue and bring in tourism.New Jersey was the ringleader of the effort, though it did enlist support from 17 other states and three additional state governors.The federal prohibition on sports betting was backed by the NCAA, NFL and NBA. Already, that decision has led to some moves by major players in the global gambling industry. That includes MGM . Over the summer, it announced a deal to become the first sports gambling partner of the NBA . The deal, reportedly worth no less than $25 million and running for three years, provides proof that major sports leagues have overcome their reluctance to being officially associated with gambling, lest they lose the trust of consumers.

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