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Will it be a slam dunk for the US sports betting wagering ban?
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By Natalie Sherman
bit.ly
Business press reporter, New York
A restriction on sports betting in many US states could be overturned by a case being thought about by the Supreme Court.
The state of New Jersey is challenging the 1992 federal law that mainly outlawed sports betting gaming, explaining the matter as a "states' rights" problem.
The case, which began on Monday, comes after New Jersey residents voted in 2011 to legalise sports betting wagering.
A group of sports betting leagues opposes wagering on games, which they fear will motivate match-fixing.
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Lower courts have consistently ruled versus New Jersey, saying it is within the federal government's power to restrict a state's policy options.
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The Supreme Court chose to hear the case however amidst a larger shift in American attitudes towards gaming.
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 revenue in the wake of the financial crash have actually enacted a rash of looser sports betting laws, collecting significant levies on gambling revenue.
There are now 24 states with establishments - roughly double the number a decade back.
Despite the official restriction, which currently exempts Nevada and 3 other states, unlawful sports betting is rife in the US.
Americans position about $154bn in illegal 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 states 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 allow them to enjoy the benefits of a regulated market," Mr Freeman stated.
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More than 15 states submitted papers in assistance of New Jersey in the case. A handful have actually already passed laws to authorise sports betting wagering in the event of a modification.
'Times have changed'
On Monday, as attorneys 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 might have bets being taken in New Jersey within two weeks of a choice by the court," said outgoing 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 judgment, Congress may likewise use up the dispute amidst broader discussion about online video gaming and e-sports betting.
Even some of the expert sports betting leagues have begun to change their positions on the concern of gaming.
Adam Silver, National Basketball Association commissioner, supported a federal law that would create a consistent set of rules throughout 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?
alansilcock849 edited this page 2025-01-02 09:30:07 +08:00