bet9ja.com
Will it be a slam dunk for the US sports betting restriction?
bet9ja.com
By Natalie Sherman
Business press reporter, New york city
A restriction on sports betting wagering in a lot 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 forbade sports betting, explaining the matter as a "states' rights" concern.
The case, which began on Monday, comes after New Jersey homeowners enacted 2011 to legalise sports betting.
A group of sports betting leagues opposes wagering on games, which they fear will motivate match-fixing.
Lower courts have ruled versus New Jersey, stating it is within the federal government's power to limit a state's policy choices.
The Supreme Court decided to hear the case nevertheless amid a wider shift in American mindsets toward gambling.
Before 1976, Nevada - home of the Las Vegas strip - was the only state with legal casinos outside Native American lands.
But in the last few years, states starving for tax revenue in the wake of the financial crash have actually enacted a rash of looser gaming laws, gathering large levies on sports betting earnings.
There are now 24 states with industrial casinos - roughly double the number a decade ago.
Despite the main ban, which currently excuses Nevada and three other states, unlawful sports betting 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, described the federal restriction, external as an "utter failure" previously this year.
bet9ja.com
It says the UK is an example of a country where sports betting wagering is prevalent.
bit.ly
"It's time for Washington to stop depriving states of crucial tax revenue 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 currently passed laws to authorise sports betting wagering in the event of a change.
'Times have actually changed'
bet9ja.com
On Monday, as legal representatives 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 achieve success here we could have bets being taken in New Jersey within 2 weeks of a decision by the court," stated outgoing New Jersey guv Chris Christie after participating in the court hearing. "We're prepared in New Jersey - we're all set to go."
Regardless of the court's final ruling, Congress might likewise take up the dispute amidst wider discussion about online video gaming and e-sports betting.
Even some of the professional sports betting leagues have started to change their positions on the question of sports betting.
Adam Silver, National Basketball Association commissioner, supported a federal law that would create a consistent set of rules across the US. "Times have actually altered," he wrote in a 2014 opinion piece, external.
Addicts struggling with mobile wagering
3 October 2017
bet9ja.com
The challenging issue of issue sports betting
31 August 2017
1
Will it be a Slam Dunk for the United States Sports Betting Ban?
christopermort edited this page 4 months ago