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Will it be a slam dunk for the US sports betting wagering restriction?
By Natalie Sherman
bit.ly
Business reporter, New york city
A restriction on sports betting 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 largely gambling, describing the matter as a "states' rights" issue.
The case, which began on Monday, comes after New Jersey homeowners 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 regularly ruled versus New Jersey, saying it is within the federal government's power to restrict a state's policy options.
The Supreme Court decided to hear the case nevertheless amidst a wider shift in American attitudes towards gaming.
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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 financial crash have actually enacted a rash of looser sports betting laws, collecting significant levies on sports betting income.
There are now 24 states with industrial casinos - approximately double the number a decade earlier.
Despite the official ban, which already exempts Nevada and 3 other states, unlawful sports betting wagering is rife in the US.
Americans place about $154bn in prohibited 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" 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 income and enable them to enjoy the rewards of a regulated market," Mr Freeman stated.
More than 15 states filed documents in support of New Jersey in the event. A handful have currently passed laws to authorise sports betting in case of a change.
'Times have actually altered'
On Monday, as lawyers started 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 outbound New Jersey governor Chris Christie after participating in the court hearing. "We're prepared in New Jersey - we're prepared to go."
No matter the court's last ruling, Congress might likewise use up the argument amidst more comprehensive discussion about online gaming and e-sports betting.
Even a few of the expert sports betting leagues have begun to change their positions on the question of gambling.
Adam Silver, National Basketball Association commissioner, supported a federal law that would produce an uniform set of rules across the US. "Times have changed," he composed in a 2014 opinion piece, external.
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Will it be a Slam Dunk for the US Sports Betting Ban?
archerthomsen edited this page 2025-01-02 16:57:43 +08:00