Will it be a slam dunk for the US sports betting restriction?
By Natalie Sherman
Business press reporter, New york city
A restriction on sports betting wagering in most 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 outlawed sports betting gaming, explaining the matter as a "states' rights" problem.
The case, which began on Monday, follows New Jersey locals enacted 2011 to legalise sports betting.
A group of sports betting leagues opposes banking on games, which they fear will encourage 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.
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The Supreme Court opted to hear the case nonetheless amid a larger shift in American attitudes toward gambling.
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 revenue in the wake of the financial crash have enacted a rash of looser gambling laws, gathering hefty levies on gambling income.
There are now 24 states with business gambling establishments - approximately double the number a decade ago.
Despite the official ban, which already excuses Nevada and three other states, illegal sports betting is rife in the US.
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Americans put about $154bn in prohibited sports betting bets every year, according to the American Gaming Association.
The association's president, Geoff Freeman, described the federal restriction, external as an "utter failure" previously this year.
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It says the UK is an example of a country where sports betting wagering is commonplace.
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"It's time for Washington to stop denying states of critical tax income and enable them to gain the rewards of a regulated market," Mr Freeman said.
More than 15 states filed documents in support of New Jersey in the event. A handful have actually already to authorise sports betting in the occasion of a modification.
'Times have 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 make a choice in June 2018.
"If we achieve success here we could have bets being taken in New Jersey within 2 weeks of a choice by the court," said outbound New Jersey guv Chris Christie after participating in the court hearing. "We're prepared in New Jersey - we're prepared to go."
Despite the court's last judgment, Congress may also use up the argument in the middle of wider discussion about online gaming and e-sports betting.
Even a few of the expert sports betting leagues have actually started to alter their positions on the concern of sports betting.
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Adam Silver, National Basketball Association commissioner, supported a federal law that would create an uniform set of rules throughout the US. "Times have 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?
eldencate41932 edited this page 2025-01-07 19:25:14 +00:00