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Will it be a slam dunk for the US sports betting wagering restriction?
By Natalie Sherman
bet9ja.com
Business press reporter, New york city
A restriction on sports betting in the majority of 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 largely banned sports betting, describing the matter as a "states' rights" problem.
The case, which began on Monday, follows New Jersey residents voted in 2011 to legalise sports betting wagering.
A group of sports betting leagues opposes sports betting on games, which they fear will encourage match-fixing.
Lower courts have actually consistently ruled versus New Jersey, stating it is within the federal government's power to restrict a state's policy choices.
The Supreme Court opted to hear the case however amidst a larger shift in American mindsets towards gaming.
Before 1976, Nevada - home of the Las Vegas strip - was the only state with legal casinos outside Native American lands.
But in current years, states hungry for tax earnings in the wake of the financial crash have enacted a rash of looser gambling laws, collecting substantial levies on sports betting revenue.
There are now 24 states with business casinos - roughly double the number a decade ago.
Despite the main ban, which already exempts Nevada and three other states, illegal sports betting is rife in the US.
Americans put about $154bn in prohibited 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.
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 critical tax income and allow them to reap the rewards of a regulated market," Mr Freeman stated.
More than 15 states submitted papers in assistance of New Jersey in the event. A handful have already passed laws to authorise sports betting wagering in the event of a modification.
'Times have actually altered'
On Monday, as attorneys began arguments for the Supreme Court, some more conservative judges appeared sceptical of the existing law.
The court is anticipated to make a choice in June 2018.
"If we are successful here we could have bets being taken in New Jersey within 2 weeks of a decision by the court," stated outgoing New Jersey guv Chris Christie after attending the court hearing. "We're prepared in New Jersey - we're ready to go."
Regardless of the court's final ruling, Congress might also use up the debate amidst more comprehensive discussion about online gaming and .
Even a few of the expert sports betting leagues have actually started to change their positions on the question of gambling.
Adam Silver, National Basketball Association commissioner, supported a federal law that would create a consistent set of rules across the US. "Times have actually altered," he composed in a 2014 opinion piece, external.
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Will it be a Slam Dunk for the US Sports Betting Ban?
rockywillis59 edited this page 3 weeks ago