From 7d141cdffccf7a86bbce7fb29cd425288baccf2e Mon Sep 17 00:00:00 2001 From: johnnierak6194 Date: Thu, 2 Jan 2025 08:54:38 +0800 Subject: [PATCH] Add US Ruling Opens Way For States-wide Sports Betting --- ...ns Way For States-wide Sports Betting.-.md | 32 +++++++++++++++++++ 1 file changed, 32 insertions(+) create mode 100644 US Ruling Opens Way For States-wide Sports Betting.-.md diff --git a/US Ruling Opens Way For States-wide Sports Betting.-.md b/US Ruling Opens Way For States-wide Sports Betting.-.md new file mode 100644 index 0000000..dfd61ff --- /dev/null +++ b/US Ruling Opens Way For States-wide Sports Betting.-.md @@ -0,0 +1,32 @@ +[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG)
US [judgment](https://social.ishare.la/read-blog/1436_exploring-the-sports-betting-industry-putting-ideas-into-practice.html) opens method for states-wide [sports betting](https://www.contraband.ch/read-blog/41700_for-sports-gambling-to-be-legalised.html)
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14 May 2018
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The US Supreme Court has made a [landmark ruling](https://18plus.fun/read-blog/36_the-history-of-the-nfl-and-how-to-bank-on-it.html) that might enable states throughout the [country](https://meta.mactan.com.br/read-blog/23711_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.html) to wagering.
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It has endorsed a 2014 state ruling in New Jersey which allows [sports betting](https://galgbtqhistoryproject.org/wiki/index.php/User:QPGMatilda) in casinos and at horse racing tracks.
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The court likewise overruled a 1992 federal law banning [sports betting](https://mensaceuta.com/read-blog/9176_warner-bros-discovery-sets-stage-for-potential-cable-deal-by.html) gaming.
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The news sent the share costs of [sports betting](http://ringturbine.com:80/index.php/User:LeathaField6) stocks in the US and UK rising, including Britain's William Hill and [Paddy Power](https://learn.ivlc.com/read-blog/62_how-to-attract-users-to-my-fantasy-sports-platform.html).
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Several major US [sports betting](https://terra.planetv.wtf/read-blog/680_.html) bodies had actually opposed the move, including the National Basketball Association.
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The National Collegiate Athletic Association said it was a threat to the "integrity of athletic competitors".
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However, [Justice Samuel](https://learn.ivlc.com/read-blog/62_how-to-attract-users-to-my-fantasy-sports-platform.html) Alito wrote on behalf of the [Supreme](https://onetable.world/read-blog/103194_online-betting-firms-gamble-on-soccer-mad-nigeria.html) Court: "The legalisation of [sports betting](https://www.social.united-tuesday.org/read-blog/19504_things-you-need-to-learn-about-rafting-adventures.html) requires an essential policy choice, however the choice is not ours to make.
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"[Congress](https://2flab.com/read-blog/845_things-you-need-to-know-about-rafting-adventures.html) can manage [sports betting](https://juryi.sn/read-blog/11974_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) [gambling](https://we2chat.net/read-blog/26330_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.html) straight, however if it [chooses](http://kitsap.whigdev.com/read-blog/3091_best-u-s-sports-betting-sites-amp-sportsbooks-for-2024.html) not to do so, each state is [complimentary](https://unightlifetalk.site/read-blog/2638_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) to act upon its own."
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Winners and losers
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Shares in UK-based bookmakers got on the judgment. Paddy Power Betfair's share cost increased 10.5%, 888 Holdings jumped 14%, William Hill's stock got 9.4% and GVC Holdings rallied 6%.
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In the US, shares in Churchill Downs, which owns horse race tracks and gambling establishments rose by 5.73%.
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But Wynn Resorts, the Nevada-based hotels and gambling establishment operator, saw its share price fall by 2% on the possibility of competition from new entrants to [sports betting](https://strimsocial.net/read-blog/20096_score-big-wins-how-sports-betting-software-drives-growth-and-engagement.html).
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The Supreme Court choice strikes down the Professional and Amateur [sports betting](https://origintraffic.com/read-blog/1656_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) Protection Act (PASPA) of 1992 that prohibited [sports betting](https://miderde.de/index.php?title=Benutzer:Junior83E61) in a lot of states.
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It is just allowed just a couple of states, including Nevada, home to Las Vegas, Delaware, Montana and Oregon.
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Neil Wilson, chief market expert at markets.com, stated that William Hill stands to gain the most following the ruling since it "can roll out [sports betting](https://ca.viquiblo.org/index.php/Usuari:BruceStapley0) operations pretty promptly from Nevada, where it already operates and has very [strong market](https://reckoningz.com/enhance-your-business-opportunities-with-efficient-sports-apps/) existence".
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He included that the business likewise has a New Jersey operation "that is primed and prepared to start taking bets within days".
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Paddy Power Betfair has a presence in the US through TVG, among the nation's most significant online horse racing companies.
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Betfair bought TVG in 2009 for $50m before it went on to combine with Paddy Power.
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Paddy Power Betfair likewise runs an online gambling establishment and horse race wagering business in New Jersey.
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More on this story
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High stakes for fixed-odds [sports betting](https://swaggspot.com/read-blog/9524_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) machines
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12 May 2018
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Slam dunk for US [sports betting](https://lets.chchat.me/read-blog/1973_compare-amp-review-oddsjet-de.html) wagering ban?
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Published
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4 December 2017
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