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Will it be a slam dunk for the US sports betting wagering ban?
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By Natalie Sherman
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Business press reporter, New York
A restriction on sports betting in most 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 mostly forbade sports betting, describing the matter as a "states' rights" problem.
The case, which began on Monday, comes after New Jersey citizens voted in 2011 to sports betting.
A group of sports betting leagues opposes sports betting on games, which they fear will encourage match-fixing.
Lower courts have actually regularly ruled against New Jersey, saying it is within the federal government's power to limit a state's policy options.
The Supreme Court chose to hear the case nevertheless amid a wider shift in American attitudes towards gambling.
Before 1976, Nevada - home of the Las Vegas strip - was the only state with legal casinos outside Native American lands.
But recently, states starving for tax income in the wake of the monetary crash have enacted a rash of looser gambling laws, gathering significant levies on gaming income.
There are now 24 states with industrial casinos - roughly double the number a years back.
Despite the main ban, which already excuses Nevada and 3 other states, unlawful sports betting is rife in the US.
Americans place about $154bn in illegal sports betting bets every year, according to the American Gaming Association.
The association's president, Geoff Freeman, explained the federal restriction, external as an "utter failure" earlier this year.
It states the UK is an example of a country where sports betting is prevalent.
"It's time for Washington to stop denying states of crucial tax profits and enable them to reap the rewards of a regulated market," Mr Freeman said.
More than 15 states filed papers 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 actually altered'
On Monday, as attorneys 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 are successful here we could have bets being taken in New Jersey within two weeks of a decision by the court," said outgoing New Jersey governor Chris Christie after going to the court hearing. "We're prepared in New Jersey - we're all set to go."
Despite the court's last ruling, Congress might also take up the argument in the middle of wider conversation about online video gaming and e-sports betting.
Even some of the expert sports betting leagues have actually begun to alter their positions on the question of gambling.
Adam Silver, National Basketball Association commissioner, supported a federal law that would create a consistent set of guidelines throughout the US. "Times have actually altered," he composed in a 2014 viewpoint piece, external.
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Will it be a Slam Dunk for the US Sports Betting Ban?
hannelorecudmo edited this page 2025-01-01 18:14:35 +00:00