First, a brief history lesson:
After years of opposing such things, all of our major sports leagues have come out in favor of legalized sports betting within the last few years. Rather than worry about potential problems with game-fixing or point shaving, the leagues finally gave in to the lure of the pot of gold at the end of the gambling rainbow. There are huge sums of money to be made off our vices, as if you didn't already know.
Today's Supreme Court ruling has likely put a whole lot of institutions in the gambling business.
Make no mistake, you're going to see a stampede now, as leagues, states, casinos and web apps dive into sports betting. Very soon, in fact, we could see the state of Oregon become a very big and succesful bookmaker. Of course, the NBA wouid like to do the same thing. All our leagues -- including the NFL and MLB -- are tired of seeing the bookies and Nevada casinos making all the money on the wagering on their games.
Betting windows in Moda Center? Don't be surprised at some point if you can make a halftime bet on somebody's second-half point total.
In case you didn't know it, there are billions at stake here. Oregon recognized this a long time ago when it instituted "Sports Action," a state-sponsored parlay method of betting on NFL games. Later, NBA games were added to the mix but the league filed a suit that stopped its inclusion. Sports Action was banned in 2007 because the NCAA promised not to hold any March Madness tournament rounds in the state as long as the game existed.
Oregon would need to have the legislature legalize betting again to make sports wagering possible here. It would also need to create a method for regulating it. But with upwards of $10 billion up for grabs, the race will soon be on to grab a piece of that very big pie.
And sports, as we know them, will likely be forever changed.