Will it be a slam dunk for the US sports betting wagering ban?
By Natalie Sherman
Business reporter, New York
A restriction on sports betting wagering in most US states could be overturned by a case being thought about by the Supreme Court.
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The state of New Jersey is challenging the 1992 federal law that mostly banned sports betting, describing the matter as a "states' rights" problem.
The case, which started on Monday, comes after New Jersey locals enacted 2011 to legalise sports betting.
A group of sports betting leagues opposes wagering on video games, which they fear will motivate match-fixing.
Lower courts have consistently ruled versus New Jersey, saying it is within the federal government's power to limit a state's policy alternatives.
The Supreme Court chose to hear the case nevertheless amid a larger shift in American mindsets toward sports betting.
Before 1976, Nevada - home of the Las Vegas strip - was the only state with legal casinos outside Native American lands.
But recently, states hungry for in the wake of the monetary crash have enacted a rash of looser gaming laws, gathering significant levies on gaming revenue.
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There are now 24 states with industrial gambling establishments - roughly double the number a decade back.
Despite the main ban, which currently exempts Nevada and 3 other states, unlawful sports betting is rife in the US.
Americans put about $154bn in illegal sports betting bets every year, according to the American Gaming Association.
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The association's president, Geoff Freeman, explained the federal restriction, external as an "utter failure" previously this year.
It says the UK is an example of a country where sports betting wagering is prevalent.
"It's time for Washington to stop denying states of crucial tax earnings and enable them to reap the rewards of a regulated market," Mr Freeman said.
More than 15 states filed documents in support of New Jersey in the event. A handful have already passed laws to authorise sports betting in the event of a change.
'Times have altered'
On Monday, as legal representatives began arguments for the Supreme Court, some more conservative judges appeared sceptical of the existing law.
The court is anticipated to make a choice in June 2018.
"If we succeed here we could have bets being taken in New Jersey within two weeks of a choice by the court," said outbound New Jersey guv Chris Christie after attending the court hearing. "We're prepared in New Jersey - we're all set to go."
Despite the court's final ruling, Congress might likewise use up the argument amidst wider discussion about online video gaming and e-sports betting.
Even some of the professional sports betting leagues have started to change their positions on the concern of sports betting.
Adam Silver, National Basketball Association commissioner, supported a federal law that would produce an uniform set of rules throughout the US. "Times have actually altered," he wrote in a 2014 opinion piece, external.
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Will it be a Slam Dunk for the United States Sports Betting Ban?
ricodollery485 edited this page 2025-01-02 04:55:50 +00:00