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Will it be a slam dunk for the US sports betting restriction?
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By Natalie Sherman
Business reporter, New York
A ban on sports betting in many US states might be reversed 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 outlawed sports betting, explaining the matter as a "states' rights" problem.
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The case, which started on Monday, comes after New Jersey homeowners voted in 2011 to legalise sports betting.
A group of sports betting leagues opposes banking on games, which they fear will .
Lower courts have consistently ruled versus New Jersey, saying it is within the federal government's power to restrict a state's policy alternatives.
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The Supreme Court decided to hear the case however amid a wider shift in American attitudes toward gambling.
Before 1976, Nevada - home of the Las Vegas strip - was the only state with legal casinos outside Native American lands.
But over the last few years, states starving for tax revenue in the wake of the monetary crash have enacted a rash of looser sports betting laws, collecting substantial levies on gambling profits.
There are now 24 states with business casinos - roughly double the number a decade ago.
Despite the official restriction, which currently exempts Nevada and 3 other states, illegal sports betting is rife in the US.
Americans place about $154bn in prohibited sports betting bets every year, according to the American Gaming Association.
The association's president, Geoff Freeman, explained the federal restriction, external as an "utter failure" previously this year.
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It says the UK is an example of a nation where sports betting is commonplace.
"It's time for Washington to stop depriving states of important tax earnings and enable them to gain the benefits of a regulated market," Mr Freeman said.
More than 15 states filed papers in assistance of New Jersey in the case. A handful have actually currently passed laws to authorise sports betting in the event of a change.
'Times have actually changed'
On Monday, as lawyers started arguments for the Supreme Court, some more conservative judges appeared sceptical of the existing law.
The court is anticipated to decide in June 2018.
"If we succeed here we might have bets being taken in New Jersey within 2 weeks of a choice by the court," stated outgoing New Jersey governor Chris Christie after going to the court hearing. "We're prepared in New Jersey - we're prepared to go."
No matter the court's final judgment, Congress might also take up the argument amid broader discussion about online gaming and e-sports betting.
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Even a few of the expert sports betting leagues have actually begun to alter 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 guidelines across the US. "Times have actually changed," he wrote in a 2014 viewpoint piece, external.
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Will it be a Slam Dunk for the US Sports Betting Ban?
temekasacco707 edited this page 2025-01-16 21:23:46 +00:00