Clarion Gaming’s inaugural Sports Betting USA conference is set to take place on Nov. 14 to 15 at the Convene New York City. And it couldn’t have come at a better time, given that the sports betting market in the United States is on the cusp of a major change.

In December, the U.S. Supreme Court will hear the case for legalized sports betting in New Jersey. The state has been fighting to repeal the controversial 1992 Professional and Amateur Sports Protection Act (PASPA) and have legalized sports betting revive New Jersey’s floundering casino and race track industries.

If the long-standing federal ban is lifted, the U.S. sports betting market is forecast to bring between $2 billion and $5.8 billion in gross gaming revenue annually within five years, according to a new GamblingCompliance report.

“The $2 billion base-case estimate assumes that the rollout of sports betting, post PASPA, would largely be limited to sports books at land-based casinos in 19 states. Retail sports betting, in contrast, would be offered by only a handful of lotteries; lotteries in other states would be hampered, in part, by casino-led efforts to prevent lottery participation in sports betting,” the report stated. “Meanwhile, online sports betting would similarly be limited to a small number of states.”