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Will it be a slam dunk for the US sports betting wagering ban?
By Natalie Sherman
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Business press reporter, New York
A restriction on sports betting in many 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 mostly forbade sports betting gambling, explaining the matter as a "states' rights" problem.
The case, which began on Monday, follows New Jersey locals enacted 2011 to legalise sports betting.
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A group of sports betting leagues opposes sports betting on games, which they fear will motivate match-fixing.
Lower courts have actually consistently ruled against New Jersey, saying it is within the federal government's power to limit a state's policy choices.
The opted to hear the case however amidst a larger shift in American mindsets towards sports betting.
Before 1976, Nevada - home of the Las Vegas strip - was the only state with legal casinos outside Native American lands.
But over the last few years, states hungry for tax income in the wake of the financial crash have enacted a rash of looser gaming laws, collecting hefty levies on sports betting earnings.
There are now 24 states with commercial gambling establishments - approximately double the number a decade back.
Despite the official restriction, which currently excuses Nevada and 3 other states, illegal sports betting wagering is swarming in the US.
Americans position about $154bn in unlawful sports betting bets every year, according to the American Gaming Association.
The association's president, Geoff Freeman, described the federal ban, external as an "utter failure" earlier this year.
It says the UK is an example of a country where sports betting is prevalent.
"It's time for Washington to stop depriving states of important tax profits and allow them to enjoy the benefits of a regulated market," Mr Freeman stated.
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 case of a modification.
'Times have actually altered'
On Monday, as attorneys began arguments for the Supreme Court, some more conservative judges appeared sceptical of the existing law.
The court is expected to decide in June 2018.
"If we succeed here we might have bets being taken in New Jersey within two weeks of a choice by the court," said outbound New Jersey governor Chris Christie after participating in the court hearing. "We're prepared in New Jersey - we're ready to go."
Regardless of the court's final judgment, Congress might likewise use up the debate amidst more comprehensive conversation about online video gaming and e-sports betting.
Even some of the expert sports betting leagues have actually begun to change their positions on the question of gaming.
Adam Silver, National Basketball Association commissioner, supported a federal law that would develop an uniform set of guidelines throughout the US. "Times have 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?
zandrawebb1532 edited this page 2025-01-02 01:14:51 +00:00