Will it be a slam dunk for the US sports betting restriction?
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By Natalie Sherman
Business reporter, New York
A restriction on sports betting wagering in a lot of US states might be overturned by a case being considered by the Supreme Court.
The state of New Jersey is challenging the 1992 federal law that mainly disallowed sports betting gaming, describing the matter as a "states' rights" concern.
The case, which began on Monday, comes after New Jersey residents voted in 2011 to legalise sports betting.
A group of sports betting leagues opposes wagering on video games, which they fear will encourage match-fixing.
Lower courts have consistently ruled against New Jersey, stating it is within the federal government's power to restrict a state's policy choices.
The Supreme Court opted to hear the case nonetheless in the middle of 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 tax earnings in the wake of the monetary crash have actually enacted a rash of looser gaming laws, gathering substantial levies on gambling profits.
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There are now 24 states with business casinos - roughly double the number a decade earlier.
Despite the main ban, which currently excuses Nevada and three other states, prohibited sports betting wagering is rife in the US.
Americans put about $154bn in unlawful sports betting bets every year, according to the American Gaming Association.
The president, Geoff Freeman, described 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 depriving states of critical tax profits and permit them to enjoy the rewards of a regulated market," Mr Freeman said.
More than 15 states submitted papers in support of New Jersey in the event. A handful have actually currently passed laws to authorise sports betting in the event of a change.
'Times have actually changed'
On Monday, as legal representatives started arguments for the Supreme Court, some more conservative judges appeared sceptical of the existing law.
The court is expected to decide in June 2018.
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"If we achieve success here we might have bets being taken in New Jersey within two weeks of a choice by the court," said outbound New Jersey guv Chris Christie after going to the court hearing. "We're prepared in New Jersey - we're prepared to go."
No matter the court's final ruling, Congress may also use up the debate amid more comprehensive discussion about online video gaming and e-sports betting.
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Even some of the professional sports betting leagues have started to alter their positions on the concern of gaming.
Adam Silver, National Basketball Association commissioner, supported a federal law that would create an uniform set of rules across 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?
katiaj3212875 edited this page 2025-01-02 11:17:16 +00:00