Will it be a slam dunk for the US sports betting restriction?
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By Natalie Sherman
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Business press reporter, New york city
A restriction on sports betting wagering in a lot of US states could be overturned by a case being considered by the Supreme Court.
The state of New Jersey is challenging the 1992 federal law that largely banned sports betting, describing the matter as a "states' rights" issue.
The case, which started on Monday, comes after New Jersey residents voted in 2011 to legalise sports betting wagering.
A group of sports betting leagues opposes sports betting on video games, which they fear will encourage match-fixing.
Lower courts have consistently ruled against New Jersey, saying it is within the federal government's power to limit a state's policy choices.
The Supreme Court opted to hear the case nonetheless amidst a larger shift in American attitudes towards gaming.
Before 1976, Nevada - home of the Las Vegas strip - was the only state with legal gambling establishments outside Native American lands.
But recently, states starving for tax revenue in the wake of the financial crash have actually enacted a rash of looser gaming laws, substantial levies on gaming profits.
There are now 24 states with business casinos - roughly double the number a years ago.
Despite the official restriction, which currently exempts Nevada and three other states, unlawful 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, explained the federal restriction, external as an "utter failure" previously this year.
It says the UK is an example of a country where sports betting is commonplace.
"It's time for Washington to stop depriving states of vital tax income and allow them to enjoy the rewards of a regulated market," Mr Freeman stated.
More than 15 states filed documents in assistance of New Jersey in the event. A handful have already passed laws to authorise sports betting wagering in case of a change.
'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 decide in June 2018.
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"If we are effective here we could have bets being taken in New Jersey within 2 weeks of a choice by the court," stated outbound New Jersey guv Chris Christie after going to the court hearing. "We're prepared in New Jersey - we're ready to go."
No matter the court's last judgment, Congress might likewise use up the dispute amid wider discussion about online video gaming and e-sports betting.
Even some of the professional sports betting leagues have begun to change their positions on the concern of gaming.
Adam Silver, National Basketball Association commissioner, supported a federal law that would develop an uniform set of guidelines throughout the US. "Times have actually 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?
zakbaley565214 edited this page 2025-01-17 04:57:03 +08:00