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Will it be a slam dunk for the US sports betting ban?
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By Natalie Sherman
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Business reporter, New York
A ban on sports betting wagering in the majority of US states might 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 disallowed sports betting gambling, describing the matter as a "states' rights" issue.
The case, which started on Monday, comes after New Jersey citizens voted in 2011 to wagering.
A group of sports betting leagues opposes wagering on games, which they fear will encourage match-fixing.
Lower courts have consistently ruled versus New Jersey, saying it is within the federal government's power to restrict a state's policy choices.
The Supreme Court chose to hear the case however amid a wider 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 in recent years, states hungry for tax revenue in the wake of the monetary crash have actually enacted a rash of looser sports betting laws, gathering substantial levies on gaming profits.
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There are now 24 states with business casinos - roughly double the number a decade back.
Despite the official restriction, which currently excuses Nevada and 3 other states, prohibited sports betting wagering is swarming 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, explained the federal ban, external as an "utter failure" earlier this year.
It states the UK is an example of a country where sports betting is commonplace.
"It's time for Washington to stop depriving states of important tax profits and enable them to enjoy the benefits of a regulated market," Mr Freeman stated.
More than 15 states submitted papers in assistance of New Jersey in the event. A handful have currently passed laws to authorise sports betting in case of a modification.
'Times have altered'
On Monday, as lawyers 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 are effective here we could have bets being taken in New Jersey within 2 weeks of a decision by the court," said outbound New Jersey guv Chris Christie after going to the court hearing. "We're prepared in New Jersey - we're prepared to go."
Regardless of the court's final ruling, Congress might likewise take up the argument in the middle of more comprehensive discussion about online gaming and e-sports betting.
Even some of the professional sports betting leagues have actually started to change their positions on the concern of sports betting.
Adam Silver, National Basketball Association commissioner, supported a federal law that would develop an uniform set of guidelines throughout the US. "Times have altered," he composed in a 2014 viewpoint piece, external.
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Will it be a Slam Dunk for the US Sports Betting Ban?
lizziegoll3254 edited this page 2025-01-02 10:54:25 +00:00