Will it be a slam dunk for the US sports betting wagering ban?
By Natalie Sherman
bit.ly
Business press reporter, New York
A ban on sports betting wagering in many US states might be overturned by a case being thought about by the Supreme Court.
The state of New Jersey is challenging the 1992 federal law that mainly banned sports betting gambling, explaining the matter as a "states' rights" problem.
The case, which started on Monday, follows New Jersey locals voted in 2011 to legalise sports betting wagering.
A group of sports betting leagues opposes banking on games, which they fear will .
Lower courts have actually regularly ruled against New Jersey, saying it is within the federal government's power to restrict a state's policy choices.
The Supreme Court chose to hear the case however amid a larger shift in American attitudes towards sports betting.
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 hungry for tax income in the wake of the financial crash have enacted a rash of looser gambling laws, collecting hefty levies on sports betting income.
There are now 24 states with commercial casinos - roughly double the number a decade ago.
Despite the official restriction, which currently excuses Nevada and 3 other states, unlawful sports betting wagering is rife in the US.
Americans position about $154bn in unlawful 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 country where sports betting is commonplace.
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"It's time for Washington to stop denying states of important tax income and allow them to gain the benefits of a regulated market," Mr Freeman said.
More than 15 states submitted documents in support of New Jersey in the event. A handful have actually already passed laws to authorise sports betting in case 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.
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The court is expected 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 decision by the court," said outbound New Jersey guv Chris Christie after going to the court hearing. "We're prepared in New Jersey - we're ready to go."
Regardless of the court's final ruling, Congress may likewise take up the debate amidst wider conversation about online gaming and e-sports betting.
Even some of the expert sports betting leagues have actually begun to alter 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 throughout the US. "Times have altered," he composed in a 2014 opinion piece, external.
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Will it be a Slam Dunk for the United States Sports Betting Ban?
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