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What: Shares of lottery and gambling service provider Scientific Games
So what: The new opinion frees states to facilitate various forms of online gaming. The DoJ had previously interpreted the 1961 Wire Act as prohibiting online bets, but it has now changed its tune and now believes the language of the law only applies to sports betting.
Now what: States can now implement online gambling other than sports betting within their borders, and could open new markets to companies like Scientific Games and International Game Technology
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Fool contributor Evan Niu holds no position in any company mentioned. Click here to see his holdings and a short bio. The Motley Fool owns shares of International Game Technology. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.