Good Law | Bad Law #95 - Game on! After a historic Supreme Court decision, sports betting is a go. w/ Chris Soriano
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Football season just got a lot more interesting. . .
Aaron Freiwald, Managing Partner of Freiwald Law and host of the weekly podcast, Good Law | Bad Law, is joined by Chris Soriano, a gaming law attorney for Duane Morris in New Jersey, to discuss the recent Supreme Court decision that in effect legalized sports betting across the country and the implications this decision may have for the future of gambling, as well as professional sports.
In today’s episode, Chris and Aaron sit down to discuss the Supreme Court’s recent overturning of the 1992 Professional and Amateur Sports Protection Act (PASPA), which led to a near-total outlawing of sports betting. Chris outlines the history of the gaming industry through the late 1980s and early 1990s and explains the atmosphere that led up to the 1992 PASPA law. He explains that the feelings surrounding the 1992 act are still prevalent today and that those feelings may influence the future of professional sports and gambling. Aaron and Chris talk about the history of gambling (and the 15 billion dollar black market economy in betting), the various arguments surrounding the legalization of gambling (in betting there are always winners and losers), and look down the road to discuss just how far reaching this decision could be.
Chris says that his interest in the area of gaming started relatively early as he grew up in New Jersey by the racetracks. As a new attorney, he found himself working on a big gaming law project at the start of his career that introduced him to this specialized area of the law. Chris has been with Duane Morris in the New Jersey office for the last nine years.
What is the significance of this decision? And what does it mean for the future of gambling? Aaron and Chris delve into all of this and much more. Listen in now!
Host: Aaron Freiwald
Guest: Chris Soriano