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Will it be a slam dunk for the US sports betting wagering ban?
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By Natalie Sherman
Business press reporter, New york city
A ban on sports betting wagering in most US states might be overturned by a case being considered by the Supreme Court.
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The state of New Jersey is challenging the 1992 federal law that mostly outlawed sports betting gambling, describing the matter as a "states' rights" concern.
The case, which started on Monday, follows New Jersey residents voted in 2011 to legalise sports betting.
A group of sports betting leagues opposes banking on video games, which they fear will motivate match-fixing.
Lower courts have actually consistently ruled against New Jersey, stating it is within the federal government's power to restrict a state's policy alternatives.
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The Supreme Court chose to hear the case nevertheless amid a wider shift in American mindsets toward gaming.
Before 1976, Nevada - home of the Las Vegas strip - was the only state with legal gambling establishments outside Native American lands.
But in the last few years, states starving for tax earnings in the wake of the monetary crash have enacted a rash of looser gaming laws, gathering large levies on gaming revenue.
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There are now 24 states with business casinos - roughly double the number a decade earlier.
Despite the official ban, which currently exempts Nevada and three other states, unlawful 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 ban, external as an "utter failure" previously this year.
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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 revenue and permit them to gain the benefits of a regulated market," Mr Freeman stated.
More than 15 states submitted papers in support of New Jersey in the event. A handful have actually currently passed laws to authorise sports betting wagering in case of a change.
'Times have changed'
On Monday, as lawyers began arguments for the Supreme Court, some more conservative judges appeared sceptical of the .
The court is expected to make a choice in June 2018.
"If we are successful here we could have bets being taken in New Jersey within two weeks of a choice by the court," said outbound New Jersey governor Chris Christie after attending the court hearing. "We're prepared in New Jersey - we're prepared to go."
Regardless of the court's final ruling, Congress may also take up the debate in the middle of more comprehensive conversation about online video gaming and e-sports betting.
Even a few of the expert sports betting leagues have actually started to alter their positions on the question of gaming.
Adam Silver, National Basketball Association commissioner, supported a federal law that would create a consistent 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?
curtkimbell28 edited this page 2025-01-02 06:20:31 +01:00