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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 reporter, New york city
A restriction on in many 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 mainly outlawed sports betting, explaining the matter as a "states' rights" problem.
The case, which started on Monday, comes after New Jersey residents enacted 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 regularly ruled versus New Jersey, saying it is within the federal government's power to limit a state's policy choices.
The Supreme Court chose to hear the case nonetheless amidst a larger shift in American mindsets toward gambling.
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 revenue in the wake of the monetary crash have enacted a rash of looser gambling laws, collecting substantial levies on gaming profits.
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 wagering is rife 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 restriction, external as an "utter failure" previously this year.
It states the UK is an example of a nation where sports betting wagering is commonplace.
"It's time for Washington to stop depriving states of crucial tax profits and enable them to enjoy the rewards of a regulated market," Mr Freeman stated.
More than 15 states submitted documents in assistance of New Jersey in the case. A handful have currently passed laws to authorise sports betting wagering in the event of a change.
'Times have changed'
On Monday, as lawyers 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 might have bets being taken in New Jersey within two weeks of a choice by the court," said outgoing New Jersey governor Chris Christie after participating in the court hearing. "We're prepared in New Jersey - we're all set to go."
Regardless of the court's last judgment, Congress might likewise use up the debate amidst more comprehensive discussion about online video gaming and e-sports betting.
Even some of the professional sports betting leagues have started to change their positions on the concern of sports betting.
Adam Silver, National Basketball Association commissioner, supported a federal law that would create a consistent set of guidelines across 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?
krystynawinder edited this page 2 months ago