bet9ja.com
Will it be a slam dunk for the US sports betting wagering ban?
bet9ja.com
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.
The state of New Jersey is challenging the 1992 federal law that largely disallowed sports betting gambling, describing the matter as a "states' rights" issue.
The case, which started on Monday, comes after New Jersey locals enacted 2011 to legalise sports betting wagering.
A group of sports betting leagues opposes banking on games, which they fear will encourage match-fixing.
Lower courts have regularly ruled against 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 nevertheless amidst a broader 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 current years, states starving for tax income in the wake of the financial crash have enacted a rash of looser sports betting laws, collecting significant levies on gaming earnings.
There are now 24 states with business casinos - roughly double the number a years back.
Despite the official ban, which currently excuses Nevada and 3 other states, illegal sports betting wagering is rife in the US.
Americans put about $154bn in illegal sports betting bets every year, according to the American Gaming Association.
The association's president, Geoff Freeman, explained the federal restriction, external as an "utter failure" earlier this year.
It states the UK is an example of a nation where sports betting is .
"It's time for Washington to stop denying states of crucial tax income and enable them to gain the rewards of a regulated market," Mr Freeman said.
More than 15 states submitted papers in assistance of New Jersey in the event. A handful have already passed laws to authorise sports betting in case of a modification.
'Times have changed'
On Monday, as legal representatives started arguments for the Supreme Court, some more conservative judges appeared sceptical of the existing law.
The court is expected to make a decision in June 2018.
"If we achieve success here we could have bets being taken in New Jersey within two weeks of a decision by the court," stated outgoing New Jersey guv Chris Christie after going to 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 argument amidst broader discussion about online gaming and e-sports betting.
Even a few of the professional sports betting leagues have actually begun to alter their positions on the concern of gambling.
Adam Silver, National Basketball Association commissioner, supported a federal law that would produce a consistent set of guidelines across the US. "Times have changed," he composed in a 2014 viewpoint piece, external.
Addicts dealing with mobile sports betting
3 October 2017
The challenging issue of issue sports betting
31 August 2017
1
Will it be a Slam Dunk for the US Sports Betting Ban?
kiantoll024674 edited this page 2025-01-02 19:33:07 +08:00