Will it be a slam dunk for the US sports betting wagering ban?
By Natalie Sherman
Business press reporter, New york city
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A ban on sports betting in most US states could 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 gaming, describing the matter as a "states' rights" concern.
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The case, which started on Monday, follows New Jersey locals voted in 2011 to legalise sports betting.
A group of sports betting leagues opposes banking on video games, which they fear will encourage match-fixing.
Lower courts have actually regularly ruled versus New Jersey, stating it is within the federal government's power to limit a state's policy options.
The Supreme Court chose to hear the case nevertheless amidst a wider shift in American attitudes toward sports betting.
Before 1976, Nevada - home of the Las Vegas strip - was the only state with legal gambling establishments outside Native American lands.
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But over the last few years, states hungry for tax profits in the wake of the monetary crash have actually enacted a rash of looser sports betting laws, collecting large levies on gambling earnings.
There are now 24 states with industrial gambling establishments - roughly double the number a years back.
Despite the official ban, which already excuses Nevada and three other states, illegal sports betting is rife in the US.
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Americans position about $154bn in prohibited sports betting bets every year, according to the American Gaming Association.
The association's president, Geoff Freeman, described the federal restriction, external as an "utter failure" earlier this year.
It states the UK is an example of a country where sports betting wagering is prevalent.
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"It's time for Washington to stop depriving states of crucial tax earnings and allow them to gain the rewards of a regulated market," Mr Freeman stated.
More than 15 states submitted documents in support of New Jersey in the case. A handful have actually currently passed laws to authorise sports betting wagering in case of a modification.
'Times have changed'
On Monday, as attorneys started arguments for the Supreme Court, some more conservative judges appeared sceptical of the existing law.
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The court is expected to make a choice in June 2018.
"If we achieve success here we might have bets being taken in New Jersey within 2 weeks of a decision by the court," stated outbound New Jersey governor Chris Christie after going to the court hearing. "We're prepared in New Jersey - we're prepared to go."
Regardless of the court's last judgment, Congress might also take up the argument amid more comprehensive discussion about online video gaming and e-sports betting.
Even some of the leagues have actually started to change their positions on the question of gaming.
Adam Silver, National Basketball Association commissioner, supported a federal law that would develop a consistent set of guidelines across the US. "Times have changed," he composed in a 2014 opinion piece, external.
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Will it be a Slam Dunk for the US Sports Betting Ban?
bernievetter16 edited this page 2025-01-02 09:51:41 +08:00