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Will it be a slam dunk for the US sports betting restriction?
By Natalie Sherman
Business reporter, New York
A restriction on sports betting wagering in the majority of US states could be reversed 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 gaming, explaining the matter as a "states' rights" problem.
The case, which began on Monday, follows New Jersey citizens voted in 2011 to legalise sports betting wagering.
A group of sports betting leagues opposes banking on video games, which they fear will motivate match-fixing.
Lower courts have consistently ruled against New Jersey, stating it is within the federal government's power to restrict a state's policy alternatives.
The Supreme Court opted to hear the case nonetheless amid a larger shift in American mindsets toward gaming.
Before 1976, Nevada - home of the Las Vegas strip - was the only state with legal casinos outside Native American lands.
But recently, states starving for tax income in the wake of the monetary crash have actually enacted a rash of looser gaming laws, collecting large levies on gambling profits.
There are now 24 states with industrial gambling establishments - roughly double the number a years back.
Despite the main restriction, which already excuses Nevada and three other states, prohibited sports betting wagering is swarming 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, described the federal ban, as an "utter failure" earlier this year.
It states the UK is an example of a nation where sports betting wagering is prevalent.
"It's time for Washington to stop depriving states of crucial tax revenue and permit them to reap the rewards of a regulated market," Mr Freeman said.
More than 15 states filed papers in support of New Jersey in the event. A handful have currently passed laws to authorise sports betting in case of a change.
'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 decide in June 2018.
"If we are successful here we might have bets being taken in New Jersey within two weeks of a choice by the court," stated outbound New Jersey governor Chris Christie after attending the court hearing. "We're prepared in New Jersey - we're prepared to go."
Regardless of the court's last ruling, Congress might also use up the debate amid wider discussion about online video gaming and e-sports betting.
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Even a few of the professional sports betting leagues have started to change their positions on the concern of gambling.
Adam Silver, National Basketball Association commissioner, supported a federal law that would develop an uniform set of rules across the US. "Times have actually altered," he wrote in a 2014 viewpoint piece, external.
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Will it be a Slam Dunk for the US Sports Betting Ban?
louiewomack991 edited this page 2025-01-02 12:52:56 +08:00