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Will it be a slam dunk for the US sports betting wagering ban?
By Natalie Sherman
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Business press reporter, New York
A restriction on sports betting in many 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 largely banned sports betting gambling, explaining the matter as a "states' rights" problem.
The case, which started on Monday, comes after New Jersey locals voted in 2011 to legalise sports betting wagering.
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A group of sports betting leagues opposes banking on video games, which they fear will encourage match-fixing.
Lower courts have consistently ruled versus New Jersey, saying it is within the federal government's power to restrict a state's policy options.
The Supreme Court chose to hear the case nevertheless amidst a larger shift in American mindsets toward 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 hungry for tax revenue in the wake of the monetary crash have enacted a rash of looser gambling laws, gathering substantial levies on gambling earnings.
There are now 24 states with commercial gambling establishments - roughly double the number a years back.
Despite the official ban, which currently excuses Nevada and 3 other states, prohibited sports betting is swarming in the US.
Americans put about $154bn in unlawful sports betting bets every year, according to the American Gaming Association.
The association's president, Geoff Freeman, described the federal ban, external as an "utter failure" previously this year.
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It says the UK is an example of a nation where sports betting wagering is prevalent.
"It's time for Washington to stop denying states of important tax income and permit them to reap the benefits of a regulated market," Mr Freeman said.
More than 15 states filed papers in assistance of New Jersey in the case. A handful have already passed laws to authorise sports betting in case of a modification.
'Times have altered'
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 decide in June 2018.
"If we are effective here we could have bets being taken in New Jersey within two weeks of a decision by the court," stated outgoing New Jersey governor Chris Christie after attending the court hearing. "We're prepared in New Jersey - we're all set to go."
Regardless of the court's last ruling, Congress may likewise take up the dispute amid wider discussion about online gaming and e-sports betting.
Even a few of the expert sports betting have begun to change their positions on the concern of gaming.
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 opinion piece, external.
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Will it be a Slam Dunk for the United States Sports Betting Ban?
deekinchen587 edited this page 2025-01-10 11:00:20 +00:00