Will it be a slam dunk for the US sports betting restriction?
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By Natalie Sherman
Business press reporter, New York
A restriction on sports betting in most US states could be overturned by a case being considered by the Supreme Court.
The state of New Jersey is challenging the 1992 federal law that largely disallowed sports betting gaming, describing the matter as a "states' rights" concern.
The case, which began on Monday, follows New Jersey residents enacted 2011 to legalise sports betting.
A group of sports betting leagues opposes banking on games, which they fear will motivate match-fixing.
Lower courts have regularly ruled against New Jersey, stating it is within the federal government's power to restrict a state's policy choices.
The Supreme Court decided to hear the case nevertheless amidst 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 in the last few years, states hungry for tax profits in the wake of the monetary crash have enacted a rash of looser gambling laws, gathering large levies on sports betting revenue.
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There are now 24 states with commercial casinos - approximately double the number a years back.
Despite the main ban, which currently exempts Nevada and 3 other states, illegal sports betting is swarming in the US.
Americans place about $154bn in illegal sports betting bets every year, according to the American Gaming Association.
The president, Geoff Freeman, explained the federal ban, external as an "utter failure" earlier this year.
It states the UK is an example of a nation where sports betting wagering is commonplace.
"It's time for Washington to stop denying states of critical tax income and permit them to enjoy the rewards of a regulated market," Mr Freeman stated.
More than 15 states submitted papers in assistance of New Jersey in the case. A handful have already passed laws to authorise sports betting wagering in the occasion of a modification.
'Times have changed'
On Monday, as lawyers began arguments for the Supreme Court, some more conservative judges appeared sceptical of the existing law.
The court is anticipated to decide in June 2018.
"If we achieve success here we might have bets being taken in New Jersey within two weeks of a choice by the court," stated outgoing New Jersey governor Chris Christie after attending the court hearing. "We're prepared in New Jersey - we're ready to go."
Despite the court's final ruling, Congress may also use up the argument amidst wider discussion about online video gaming and e-sports betting.
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Even a few of the professional sports betting leagues have started to alter their positions on the concern of sports betting.
Adam Silver, National Basketball Association commissioner, supported a federal law that would produce a consistent set of guidelines across the US. "Times have actually changed," he composed in a 2014 viewpoint piece, external.
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Will it be a Slam Dunk for the United States Sports Betting Ban?
lanora12y32332 edited this page 2025-01-02 11:33:30 +01:00