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Will it be a slam dunk for the US sports betting restriction?
By Natalie Sherman
Business reporter, New York
A restriction on sports betting in most US states could be reversed by a case being thought about by the Supreme Court.
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The state of New Jersey is challenging the 1992 federal law that largely outlawed sports betting gaming, describing the matter as a "states' rights" issue.
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The case, which began on Monday, comes after New Jersey citizens voted in 2011 to legalise sports betting.
A group of sports betting leagues opposes banking on games, which they fear will encourage match-fixing.
Lower courts have consistently ruled versus New Jersey, stating it is within the federal government's power to restrict a state's policy options.
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The Supreme Court decided to hear the case however in the middle of a larger shift in American attitudes towards gaming.
Before 1976, Nevada - home of the Las Vegas strip - was the only state with legal gambling establishments outside Native American lands.
But recently, states hungry for tax revenue in the wake of the monetary crash have enacted a rash of looser gaming laws, gathering large levies on gaming income.
There are now 24 states with business approximately double the number a decade back.
Despite the main restriction, which currently exempts Nevada and three other states, prohibited sports betting wagering is swarming in the US.
Americans position about $154bn in unlawful sports betting bets every year, according to the American Gaming Association.
The association's president, Geoff Freeman, explained the federal ban, external as an "utter failure" previously this year.
It states the UK is an example of a country where sports betting wagering is commonplace.
"It's time for Washington to stop depriving states of vital tax income and enable them to gain the benefits of a regulated market," Mr Freeman said.
More than 15 states submitted papers in assistance of New Jersey in the case. A handful have currently passed laws to authorise sports betting in case of a modification.
'Times have actually altered'
On Monday, as lawyers 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 succeed here we could have bets being taken in New Jersey within two weeks of a decision by the court," stated outbound New Jersey governor Chris Christie after attending the court hearing. "We're prepared in New Jersey - we're ready to go."
Regardless of the court's last judgment, Congress might also take up the debate amid wider conversation about online video 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.
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Adam Silver, National Basketball Association commissioner, supported a federal law that would develop an uniform set of rules across the US. "Times have changed," he composed in a 2014 viewpoint piece, external.
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Will it be a Slam Dunk for the US Sports Betting Ban?
fredaappleroth edited this page 2025-01-02 05:52:08 +01:00