Will it be a slam dunk for the US sports betting ban?
By Natalie Sherman
Business reporter, New york city
A restriction on sports betting wagering in a lot of US states might be reversed by a case being considered by the Supreme Court.
The state of New Jersey is challenging the 1992 federal law that mostly forbade sports betting, describing the matter as a "states' rights" issue.
The case, which began on Monday, follows New Jersey homeowners voted in 2011 to legalise sports betting.
A group of sports betting leagues opposes sports betting on games, which they fear will .
Lower courts have consistently ruled against New Jersey, saying it is within the federal government's power to limit a state's policy options.
The Supreme Court decided to hear the case nonetheless amid a larger shift in American mindsets toward gambling.
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 starving for tax revenue in the wake of the monetary crash have enacted a rash of looser gambling laws, gathering large levies on gaming income.
There are now 24 states with commercial gambling establishments - roughly double the number a years ago.
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Despite the official ban, which currently excuses Nevada and three other states, prohibited sports betting 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, described the federal restriction, external as an "utter failure" earlier this year.
It says the UK is an example of a nation where sports betting is prevalent.
"It's time for Washington to stop denying states of critical tax revenue and enable them to reap 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 wagering in case of a change.
'Times have changed'
On Monday, as attorneys 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 achieve success here we might have bets being taken in New Jersey within two weeks of a choice by the court," said outbound New Jersey guv Chris Christie after attending the court hearing. "We're prepared in New Jersey - we're all set to go."
Regardless of the court's final judgment, Congress might also use up the dispute amidst wider discussion about online video gaming and e-sports betting.
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Even a few of the expert sports betting leagues have actually begun 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 create a consistent set of guidelines throughout the US. "Times have 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?
williamwintle3 edited this page 2025-01-02 11:39:02 +00:00