Ted Leonsis, owner and CEO of Monumental Sports & Entertainment, which operates the Washington Wizards, Washington Capitals and Washington Mystics, released a lengthy statement in support of the Supreme Court’s decision to repeal a federal ban on sports betting.
The decision “brings a multibillion-dollar industry out of the shadows and into the sunlight, where its integrity can be guaranteed and consumers can be better protected,” Leonsis wrote. “I believe today’s decision will change the face of sports fandom for the better.”
In a 6-3 decision, the Supreme Court repealed the Professional and Amateur Sports Protection Act of 1992, which outlawed gambling on sports across the U.