Will it be a slam dunk for the US sports betting restriction?
By Natalie Sherman
Business press reporter, New York
A restriction on sports betting wagering in many US states might be reversed by a case being thought about by the Supreme Court.
The state of New Jersey is challenging the 1992 federal law that mainly forbade sports betting gaming, explaining the matter as a "states' rights" problem.
The case, which started on Monday, follows New Jersey citizens voted in 2011 to legalise sports betting.
A group of sports betting leagues opposes sports betting on games, which they fear will encourage match-fixing.
Lower courts have against New Jersey, stating it is within the federal government's power to restrict a state's policy choices.
The Supreme Court decided to hear the case nevertheless in the middle of a broader shift in American mindsets toward sports betting.
Before 1976, Nevada - home of the Las Vegas strip - was the only state with legal casinos outside Native American lands.
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But over the last few years, states hungry for tax revenue in the wake of the monetary crash have actually enacted a rash of looser gaming laws, gathering hefty levies on gambling income.
There are now 24 states with business gambling establishments - approximately double the number a decade earlier.
Despite the main restriction, which already exempts Nevada and three other states, prohibited sports betting wagering is rife in the US.
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.
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It states the UK is an example of a country where sports betting is prevalent.
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"It's time for Washington to stop depriving states of crucial tax income and allow them to enjoy the benefits of a regulated market," Mr Freeman stated.
More than 15 states filed documents in support of New Jersey in the event. A handful have currently passed laws to authorise sports betting in case of a change.
'Times have changed'
On Monday, as lawyers started arguments for the Supreme Court, some more conservative judges appeared sceptical of the existing law.
The court is expected to decide in June 2018.
"If we achieve success here we might have bets being taken in New Jersey within 2 weeks of a choice 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."
No matter the court's final judgment, Congress may likewise use up the debate in the middle of broader discussion about online gaming and e-sports betting.
Even some of the expert sports betting leagues have started 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 produce a consistent set of guidelines throughout the US. "Times have actually changed," he wrote in a 2014 viewpoint piece, external.
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Will it be a Slam Dunk for the US Sports Betting Ban?
vickeygosling7 edited this page 2025-01-02 01:51:41 +01:00