Will it be a slam dunk for the US sports betting ban?
By Natalie Sherman
Business reporter, New York
A restriction on sports betting in most US states could 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 disallowed sports betting gaming, explaining 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 sports betting on video games, which they fear will encourage match-fixing.
Lower courts have ruled against New Jersey, saying it is within the federal government's power to limit a state's policy choices.
The Supreme Court decided to hear the case nonetheless amid a larger shift in American attitudes toward gaming.
Before 1976, Nevada - home of the Las Vegas strip - was the only state with legal casinos outside Native American lands.
But in recent years, states hungry for tax profits in the wake of the financial crash have enacted a rash of looser gambling laws, gathering significant levies on gaming income.
There are now 24 states with industrial casinos - roughly double the number a years ago.
Despite the main restriction, which already exempts Nevada and three other states, illegal sports betting wagering is swarming in the US.
Americans position about $154bn in prohibited sports betting bets every year, according to the American Gaming Association.
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The association's president, Geoff Freeman, described 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 commonplace.
"It's time for Washington to stop depriving states of critical tax profits and allow them to gain the benefits of a regulated market," Mr Freeman stated.
More than 15 states filed documents in assistance of New Jersey in the event. A handful have actually currently passed laws to authorise sports betting wagering in case 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 expected to make a decision 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," said outbound New Jersey guv 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 likewise use up the dispute amid more comprehensive discussion about online video gaming and e-sports betting.
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Even some of the professional sports betting leagues have actually started to change their positions on the question of sports betting.
Adam Silver, National Basketball Association commissioner, supported a federal law that would create an uniform set of guidelines throughout the US. "Times have changed," he composed in a 2014 viewpoint piece, external.
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Will it be a Slam Dunk for the US Sports Betting Ban?
valorievonstie edited this page 2025-01-02 08:34:02 +08:00