Will it be a slam dunk for the US sports betting wagering restriction?
By Natalie Sherman
Business press reporter, New York
A ban on sports betting in a lot of US states could be reversed by a case being thought about by the Supreme Court.
The state of New Jersey is challenging the 1992 federal law that mostly banned sports betting gaming, describing the matter as a "states' rights" problem.
The case, which started on Monday, follows New Jersey homeowners voted in 2011 to legalise sports betting.
A group of sports betting leagues opposes banking on video games, which they fear will encourage match-fixing.
bet9ja.com
Lower courts have actually consistently ruled against New Jersey, stating it is within the federal government's power to limit a state's policy options.
The Supreme Court decided to hear the case however amid a broader shift in American attitudes towards 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 hungry for tax income in the wake of the monetary crash have actually enacted a rash of looser sports betting laws, gathering substantial levies on sports betting revenue.
There are now 24 states with business gambling establishments - approximately double the number a decade ago.
Despite the official restriction, which currently exempts Nevada and three other states, illegal sports betting wagering is swarming in the US.
Americans place about $154bn in illegal 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" earlier this year.
bet9ja.com
It states the UK is an example of a country where sports betting wagering is prevalent.
bit.ly
"It's time for Washington to stop denying states of critical tax earnings and enable them to enjoy the rewards of a regulated market," Mr Freeman stated.
More than 15 states filed documents in assistance of New Jersey in the case. A handful have actually currently passed laws to authorise sports betting wagering in the occasion of a modification.
'Times have altered'
On Monday, as attorneys started arguments for the Supreme Court, some more conservative judges appeared sceptical of the existing law.
bet9ja.com
The court is anticipated to make a decision in June 2018.
"If we succeed here we could have bets being taken in New Jersey within 2 weeks of a choice by the court," stated 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 ruling, Congress might likewise take up the dispute amidst broader discussion about online video gaming and e-sports betting.
Even some of the professional sports betting leagues have begun to change their positions on the of gaming.
bet9ja.com
Adam Silver, National Basketball Association commissioner, supported a federal law that would create a consistent set of rules across the US. "Times have changed," he composed in a 2014 viewpoint piece, external.
bet9ja.com
Addicts battling with mobile sports betting
3 October 2017
The challenging problem of issue sports betting
31 August 2017
bet9ja.com
1
Will it be a Slam Dunk for the US Sports Betting Ban?
Karla Wink edited this page 3 months ago