Will it be a slam dunk for the US sports betting restriction?
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By Natalie Sherman
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Business reporter, New york city
A restriction on sports betting wagering in the majority of US states might be overturned by a case being thought about by the Supreme Court.
The state of New Jersey is challenging the 1992 federal law that mostly banned sports betting, explaining the matter as a "states' rights" issue.
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 sports betting on games, which they fear will .
Lower courts have actually consistently ruled against New Jersey, stating it is within the federal government's power to restrict a state's policy choices.
The Supreme Court chose to hear the case nonetheless amid a broader shift in American mindsets towards gambling.
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 profits in the wake of the financial crash have actually enacted a rash of looser sports betting laws, collecting large levies on gaming income.
There are now 24 states with industrial gambling establishments - approximately double the number a decade ago.
Despite the main restriction, which already excuses Nevada and three other states, illegal sports betting is swarming in the US.
Americans place about $154bn in prohibited sports betting bets every year, according to the American Gaming Association.
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The association's president, Geoff Freeman, explained the federal ban, external as an "utter failure" previously this year.
It says the UK is an example of a country where sports betting wagering is commonplace.
"It's time for Washington to stop depriving states of crucial tax revenue 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 case. A handful have currently passed laws to authorise sports betting in the occasion of a modification.
'Times have actually altered'
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.
"If we are successful here we might have bets being taken in New Jersey within two weeks of a choice by the court," said outgoing New Jersey governor Chris Christie after going to the court hearing. "We're prepared in New Jersey - we're prepared to go."
Regardless of the court's last ruling, Congress may also use up the argument in the middle of wider discussion about online video gaming and e-sports betting.
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 develop an uniform set of rules throughout the US. "Times have changed," he wrote in a 2014 opinion piece, external.
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Will it be a Slam Dunk for the US Sports Betting Ban?
kazukohobbs665 edited this page 2025-01-02 08:29:17 +08:00