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Will it be a slam dunk for the US sports betting ban?
By Natalie Sherman
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Business press reporter, New york city
A restriction on sports betting wagering in a lot of US states might 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 banned sports betting, describing the matter as a "states' rights" concern.
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The case, which began on Monday, follows New Jersey locals voted in 2011 to legalise sports betting.
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A group of sports betting leagues opposes banking on video games, which they fear will motivate match-fixing.
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Lower courts have regularly ruled versus New Jersey, saying it is within the federal government's power to restrict a state's policy choices.
The Supreme Court decided to hear the case nonetheless amidst a broader shift in American mindsets towards gambling.
Before 1976, Nevada - home of the Las Vegas strip - was the only state with legal casinos outside Native American lands.
But over the last few years, states hungry for tax earnings in the wake of the financial crash have enacted a rash of looser gambling laws, gathering substantial levies on gaming profits.
There are now 24 states with commercial gambling establishments - roughly double the number a decade earlier.
Despite the main ban, which currently exempts Nevada and three other states, unlawful sports betting wagering is rife in the US.
Americans place about $154bn in prohibited 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 says the UK is an example of a nation where sports betting is commonplace.
"It's time for Washington to stop denying states of vital tax profits and permit them to reap the rewards of a regulated market," Mr Freeman said.
More than 15 states submitted documents in assistance of New Jersey in the event. A handful have actually currently passed laws to authorise sports betting in case of a modification.
'Times have altered'
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On Monday, as legal representatives began 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 succeed here we could have bets being taken in New Jersey within two weeks of a decision by the court," said outbound New Jersey governor Chris Christie after participating in the court hearing. "We're prepared in New Jersey - we're ready to go."
No matter the court's final judgment, Congress may likewise use up the argument amidst more comprehensive conversation about online video gaming and e-sports betting.
Even some of the professional sports betting leagues have begun to alter their positions on the question of gaming.
Adam Silver, National Basketball Association commissioner, supported a federal law that would produce an set of rules across the US. "Times have actually 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?
lindseybury442 edited this page 4 months ago