New York-listed lottery and gaming supplier Scientific Games has described the Supreme Court's overturning of PASPA as an "unprecedented opportunity" for sports betting providers and operators in the United States.
The company said that the Supreme Court ruling on Monday opened up a path to legalization of sports betting across the US.
"This decision will potentially bring about the greatest wave of gaming expansion in the United States in the past 20 years," said SG Interactive CEO Barry Cottle, who will take over from Kevin Sheehan as Scientific Games president and CEO on June 1st. "This is certainly an exciting development for our industry, our customers and our company."
The supplier will look to help its customers capitalize on the opportunity through SG Digital's OpenBet platform, and its integrated systems which currently support its gaming and lottery customers around the world.
Matt Davey, group chief executive of SG Digital, said that the Court's decision created an unprecedented opportunity for sports betting providers and operators.
"We're excited to see this first step toward legalization, and we are well advanced in working with our lottery and gaming partners on solutions to fit their individual needs," he said. "The market growth expected as a result of this decision will have lasting impact on the US gaming and lottery industry, and on the revenues generated for the states that participate.
"Legalized sports betting is an exciting prospect for Scientific Games, and we ensure that our product offering is fully compliant with all forthcoming regulations. We plan to hit the ground running with our OpenBet product suite and our integrated systems technology to create a seamless experience for our customers and their players."
Alongside the land-based casinos and racetracks, US state lotteries are expected to be another big beneficiary from a regulated sports betting offering, particular via a lottery wide-reaching retailer distribution network.
"This is an historic move forward for the US gaming and lottery industry," said Pat McHugh, Scientific Games senior vice president of global lottery systems. "Legalized sports wagering will allow our lottery customers to provide an entertaining product to their players, all while generating significant revenue for states and lottery beneficiaries.
"Beyond the excitement, legal sports betting will offer Americans the ability to place secure bets using trusted technology that meets all regulatory requirements and protects the wager, the consumer and the lottery or gaming organization.
"We have long awaited this ruling, and are more than ready to help our lottery customers achieve their business goals with the combination of our OpenBet product suite – one of the top sports betting platforms in the world – and our integrated systems technology and expertise, our commitment to responsible gaming, and our deep knowledge of our lottery consumers and marketing strategy."
Shares in Scientific Games Corporation (NSQ:SGMS) gained 11.15 per cent to close at $59.30 per share in New York following the announcement Monday.