Supreme Court strikes down federal anti-sports gambling law

Many states are taking quick steps to get in on a multibillion dollar gambling industry in the wake of the Supreme Court's decision.
2:07 | 05/15/18

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Transcript for Supreme Court strikes down federal anti-sports gambling law
Now we switch gears to the big decision from the supreme striking down a federal law that basically bans most states from allowing betting on sports. Ryan Smith is here with the details. Good morning, Ryan. Reporter: Good morning. It's a day major sports leagues knew would eventually come. Sports betting could be available in a city near you. While some leaks are bracing for impact others are working with states to get their piece of the action. Sports betting is big business. The American gaming association estimating Americans place about $150 billion inal sports bets each year. There's going to be a shift in probably billions of dollars from the darkness into the sunlight. Reporter: Scoring in this victory more than a dozen states have plans in the works to legalize gambling on sports. In New Jersey, betting could be up and running within weeks and by some estimates more than 30 states will allow sports betting within five years. Nevada which had a monopoly on gambling will now have to share the wealth. It took in a record4.8 billion last year. The leagues had been opposed to changing the law. What we have always said is we need to make sure that there's a fine line between team sports gambling and the NFL. We want to protect the integrity of our game and that's the line we will always do. Just amazing. I know that each league had their own policy for players when it came to gambling but now that it's legal what are they doing to combat that. I think players are still going to have a tough time bidding on games because they don't want any integrity issues but these leagues are very worried about things like prop bets. Betting on who gets the first free throw or pitch, a ball or strike. They don't want anything out there where it's something where a player might be able to manipulate the outcome and you can barely see it as a fan so I think leagues will fight with states on that, try to make sure they're protected in terms of the integrity of the game. Is there an absolute ban on players betting? There is. There is. But there are -- that's what happened to Pete rose. I was going to say. Didn't get in the hall of fame. All-time hits leader not in the hall of fame. Thank you, Ryan.

This transcript has been automatically generated and may not be 100% accurate.

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