The U.S. Supreme Court ruled that professional and Amateur Sports Protection Act (PASPA) of 1992 was unconstitutional. The decision overturns the law that prevented individual states from legalizing sports gambling individually. According to Mark Cuban, owner of the Dallas Mavericks, such a decision will double NBA franchises' value.

As reported by Jacob Wolf of ESPN, Cuban explained:

“It doubled the value of the professional sports franchises in a second,” Cuban said. “It will increase interest, it will add to what happens in our arena and in stadiums. It will increase the viewership for our biggest customers online and on TV. It helps traditional television because it's much lower latency, whereas online, because of cachet, it's much higher latency.”

Cuban added that he hopes that there will be a federal approach so as to get every state on board as soon as possible. He noted that when states have their own rules, it slows down decision-making processes and limits opportunities:

“Some of the technologically advanced states will move relatively quickly, but my hope is that there's a federal approach to it, as opposed to everyone having to deal with each state individually,” Cuban said. “If that's difficult in the short term, I think it'd be really smart for the commissions from as many states as possible to work together to standardize things, because that will enable the most creativity. When each state has its own rules and requirements, that jacks up the expense for everybody, which minimizes the entrepreneurial and technology opportunities.”

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In a statement, NBA commissioner Adam Silver, who's a known advocate of the betting law, pointed out that their highest priority is to maintain the game's integrity:

“We remain in favor of a federal framework that would provide a uniform approach to sports gambling in states that choose to permit it, but we will remain active in ongoing discussions with state legislatures. Regardless of the particulars of any future sports betting law, the integrity of our game remains our highest priority.”