bit.ly
Will it be a slam dunk for the US sports betting restriction?
By Natalie Sherman
Business press reporter, New York
A ban on sports betting wagering in the majority of US states could be overturned by a case being considered by the Supreme Court.
The state of New Jersey is challenging the 1992 federal law that largely outlawed sports betting gaming, describing the matter as a "states' rights" problem.
The case, which began on Monday, comes after New Jersey homeowners enacted 2011 to legalise sports betting.
A group of sports betting leagues opposes banking on video games, which they fear will encourage match-fixing.
Lower courts have actually consistently ruled against New Jersey, saying it is within the federal government's power to limit a state's policy choices.
The Supreme Court opted to hear the case however in the middle of a wider shift in American mindsets towards sports betting.
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 starving for tax profits in the wake of the monetary crash have actually enacted a rash of looser sports betting laws, collecting significant levies on gambling income.
bet9ja.com
There are now 24 states with commercial casinos - approximately double the number a years back.
Despite the main ban, which already exempts Nevada and 3 other states, unlawful sports betting is rife in the US.
bet9ja.com
Americans position about $154bn in unlawful sports betting bets every year, according to the American Gaming Association.
The association's president, Geoff Freeman, described the federal restriction, external as an "utter failure" previously this year.
bet9ja.com
It says the UK is an example of a nation where sports betting wagering is prevalent.
"It's time for Washington to stop depriving states of vital tax revenue and permit them to gain the benefits of a regulated market," Mr Freeman stated.
More than 15 states filed papers in assistance of New Jersey in the event. A handful have currently passed laws to authorise sports betting in the occasion of a change.
'Times have actually altered'
On Monday, as lawyers 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 might have bets being taken in New Jersey within two weeks of a choice by the court," stated outbound New 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 might also take up the debate amidst wider conversation about online video gaming and e-sports betting.
Even some of the professional sports betting leagues have actually started to alter their positions on the concern of sports betting.
bit.ly
Adam Silver, National Basketball Association commissioner, supported a federal law that would develop a consistent set of guidelines across the US. "Times have changed," he wrote in a 2014 viewpoint piece, external.
Addicts having a hard time with mobile sports betting
3 October 2017
bet9ja.com
The difficult concern of problem sports betting
31 August 2017
bet9ja.com
1
Will it be a Slam Dunk for the US Sports Betting Ban?
Kory Gaudet edited this page 2025-01-16 00:27:37 +07:00