2018 Triple Crown Betting Not Affected By The Supreme Courtís Decision To Overturn PASPA

2018 Triple Crown Betting Not Affected By The Supreme Courtís Decision To Overturn PASPA

Fans of playing the ponies don’t have anything to worry about when it comes to betting on the Triple Crown or picking the winner in today’s 143rd running of the Preakness Stakes. The recent decision by the US Supreme Court to overturn the longstanding Professional and Amateur Sports Protection Act (PASPA) will not have any effect on horse racing betting in general.

That is very good news indeed, as Bob Baffert-trained colt Justify is in a prime spot to become the 13th winner of the legendary Triple Crown series of races if he can clinch victory today on a soggy course at Pimlico Race Course just outside Baltimore, Maryland. Justify boasts frankly insane moneyline odds of -250 (courtesy of the bookies at leading legal offshore racebook site Bovada.lv) to win the Preakness Stakes and solid odds to win the Triple Crown as well. He is currently sitting on +150 moneyline odds at all the top racebook sites based overseas and many of them here at home as well.

You read that right, folks: here at home. That’s because horse racing bettors have been able to legally access domestically based online racebook websites for nearly 20 years, going back to the year 2000 amendment to the groundbreaking Interstate Horse Racing Act (IHRA). Originally passed in 1978 at the advent of widespread adoption of simulcast technology and off-track betting terminals, the IHRA was the definitive federal law enshrining a space legal space for the activity of wagering on horses and races, and horse racing today has benefited from these federal protections for decades.

Contrast that with the desperate situation faced by American fans of sports betting more generally. Up until May 14, 2018, when the US Supreme Court ruled by 6-3 majority to overturn PASPA, all but four states (Nevada, Delaware, Montana and Oregon) were prohibited from passing laws to legalize, regulate and tax sports betting within their respective jurisdictions. That unfortunate circumstance indirectly led to the loss of hundreds of millions in taxable revenues year after year as legal offshore sportsbook operators like Bovada, BetOnline, SportsBetting, BetDSI and 5Dimes gained ascendancy over the American market.

Lawmakers in nearly two dozen states have not wasted time, however, and many have already passed or are about to pass laws legalizing sports betting now that PASPA has been declared unconstitutional and, accordingly, overturned. Some states like New Jersey – which actually won the aforementioned Supreme Court case – Mississippi, Pennsylvania and West Virginia will probably have their first legal sportsbooks up and running at some casino properties within weeks of the favorable decision from the SCOTUS justices.

Horse racing fans should feel very fortunate indeed, as placing wagers on their hobby of choice has never been infringed upon in any meaningful way even prior to the passage of the IHRA back in the late ‘70s. In fact, many of the features of the modern horse betting hobby today – namely legal access to domestically operated internet racebooks – may be a long way off for fans of betting on other sports, even after PASPA’s momentous repeal.

We’re more than a little biased here at USA online sportsbooks, but we think that the best way horseplayers can live up their good fortune is to put it to the test: whatever you do, don’t miss out on the chance to legally bet on the Triple Crown. There are a lot of sports fans who wish they could be in your shoes.