Will it be a slam dunk for the US sports betting wagering restriction?
By Natalie Sherman
Business reporter, New York
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A restriction on sports betting wagering in many 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 mostly forbade sports betting gaming, 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 banking on video games, which they fear will motivate match-fixing.
Lower courts have consistently ruled against New Jersey, stating it is within the federal government's power to limit a state's policy choices.
The Supreme Court chose to hear the case nonetheless in the middle of a wider shift in American attitudes toward sports betting.
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Before 1976, Nevada - home of the Las Vegas strip - was the only state with outside Native American lands.
But in the last few years, states starving for tax earnings in the wake of the monetary crash have enacted a rash of looser sports betting laws, gathering significant levies on sports betting earnings.
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There are now 24 states with industrial casinos - roughly double the number a decade back.
Despite the main restriction, which currently exempts Nevada and three other states, unlawful sports betting is rife in the US.
Americans put about $154bn in unlawful sports betting bets every year, according to the American Gaming Association.
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The association's president, Geoff Freeman, described the federal restriction, external as an "utter failure" previously this year.
It states the UK is an example of a country where sports betting is prevalent.
"It's time for Washington to stop denying states of important tax earnings and allow them to reap the rewards of a regulated market," Mr Freeman stated.
More than 15 states submitted documents in support of New Jersey in the event. A handful have already passed laws to authorise sports betting wagering in the occasion of a modification.
'Times have actually altered'
On Monday, as attorneys began 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 decision by the court," said outgoing New Jersey guv Chris Christie after participating in the court hearing. "We're prepared in New Jersey - we're ready to go."
Despite the court's final ruling, Congress might also use up the debate amid broader discussion about online video gaming and e-sports betting.
Even some of the professional sports betting leagues have actually begun to change their positions on the concern of gaming.
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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 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?
qncpatrick0732 edited this page 2025-01-02 14:59:55 +08:00