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Will it be a slam dunk for the US sports betting restriction?
By Natalie Sherman
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Business press reporter, New York
A restriction on sports betting wagering in most US states could be reversed by a case being considered by the Supreme Court.
The state of New Jersey is challenging the 1992 federal law that mostly outlawed sports betting, explaining the matter as a "states' rights" issue.
The case, which began on Monday, follows New Jersey homeowners enacted 2011 to legalise sports betting wagering.
A group of sports betting leagues opposes wagering on video games, which they fear will encourage match-fixing.
Lower courts have regularly ruled against New Jersey, saying it is within the federal government's power to limit a state's policy choices.
The Supreme Court chose to hear the case nonetheless amidst 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 the last few years, states starving for tax revenue in the wake of the monetary crash have actually enacted a rash of looser gaming laws, collecting significant levies on sports betting profits.
There are now 24 states with business gambling establishments - roughly double the number a decade earlier.
Despite the main ban, which already excuses Nevada and 3 other states, unlawful sports betting wagering is swarming in the US.
Americans position about $154bn in unlawful 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 says the UK is an example of a country where sports betting wagering is commonplace.
"It's time for Washington to stop depriving states of critical tax profits and permit them to gain the rewards of a regulated market," Mr Freeman said.
More than 15 states submitted papers in assistance of New Jersey in the case. A handful have currently passed laws to authorise sports betting wagering in the event of a .
'Times have actually changed'
On Monday, as legal representatives began arguments for the Supreme Court, some more conservative judges appeared sceptical of the existing law.
The court is anticipated to decide in June 2018.
"If we succeed here we might have bets being taken in New Jersey within 2 weeks of a decision by the court," said outgoing New Jersey governor Chris Christie after going to 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 dispute in the middle of broader discussion about online video gaming and e-sports betting.
Even some of the expert sports betting leagues have actually begun to change their positions on the concern of gambling.
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 composed in a 2014 opinion piece, external.
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Will it be a Slam Dunk for the US Sports Betting Ban?
andersontorren edited this page 2025-01-01 20:31:29 +00:00