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Will it be a slam dunk for the US sports betting ban?
By Natalie Sherman
Business press reporter, New York
A restriction on sports betting in a lot of 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 outlawed sports betting, explaining the matter as a "states' rights" issue.
The case, which began on Monday, comes after New Jersey homeowners enacted 2011 to legalise sports betting.
A group of sports betting leagues opposes wagering on video games, which they fear will motivate 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 chose to hear the case however amid a larger shift in American mindsets towards sports betting.
Before 1976, Nevada - home of the Las Vegas strip - was the only state with legal gambling establishments outside Native American lands.
But in current years, states hungry for tax profits in the wake of the monetary crash have enacted a rash of looser gaming laws, gathering hefty levies on sports betting income.
There are now 24 states with commercial casinos - roughly double the number a decade back.
Despite the main restriction, which currently exempts Nevada and 3 other states, prohibited sports betting wagering is rife in the US.
Americans place about $154bn in bets every year, according to the American Gaming Association.
The association's president, Geoff Freeman, described the federal restriction, external as an "utter failure" previously this year.
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It says the UK is an example of a country where sports betting is commonplace.
"It's time for Washington to stop denying states of critical tax revenue and permit them to gain the benefits of a regulated market," Mr Freeman said.
More than 15 states submitted documents in support of New Jersey in the event. A handful have already passed laws to authorise sports betting in the occasion 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.
The court is anticipated to make a decision 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 ruling, Congress might likewise use up the dispute in the middle of broader conversation about online gaming and e-sports betting.
Even some of the expert sports betting leagues have actually started to alter their positions on the question of sports betting.
Adam Silver, National Basketball Association commissioner, supported a federal law that would develop an uniform set of rules throughout the US. "Times have altered," he wrote in a 2014 viewpoint piece, external.
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Will it be a Slam Dunk for the US Sports Betting Ban?
diegogalvin047 edited this page 2025-01-02 06:59:47 +00:00