The U.S. Supreme Court upheld a law in New Jersey that would legalize sports betting, opening the door for other states to do the same. The court's ruling overturned the Professional and Amateur Sports Protection Act, a law that denied states the ability to "sponsor, operate, advertise, promote, license, or authorize" sports gambling.

The decision was 6-3, with the majority agreeing the law infringed on states' rights to control operations within their borders. It will now be left up to the states to decide whether or not to legalize sports betting.

It is still unclear how the sports betting industry will develop as states scramble to pass legislation and develop restrictions to regulate the practice. However, the potential tax revenue and business opportunities associated with the practice provide strong incentives for its quick development.

Travis Leach, the Co-Practice Leader of Ballard Spahr's Sports Group, discussed what the law could mean for the professional sports industry. He said pro sports leagues will likely integrate sports and gambling information in the same way they currently promote fantasy leagues.

"I imagine they will find some way to do it that is tasteful and maintains the integrity of the game," said Leach.

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