Will it be a slam dunk for the US sports betting wagering ban?
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By Natalie Sherman
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Business press reporter, New york city
A ban on sports betting wagering in most 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 mostly banned sports betting gaming, describing the matter as a "states' rights" issue.
The case, which started on Monday, follows New Jersey citizens enacted 2011 to legalise sports betting wagering.
A group of sports betting leagues opposes wagering on games, which they fear will motivate match-fixing.
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 opted to hear the case nonetheless in the middle of a wider shift in American attitudes towards gaming.
Before 1976, Nevada - home of the Las Vegas strip - was the only state with outside Native American lands.
But recently, states starving for tax earnings in the wake of the financial crash have enacted a rash of looser gambling laws, gathering substantial levies on gambling profits.
There are now 24 states with commercial gambling establishments - roughly double the number a years ago.
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Despite the official restriction, which already exempts Nevada and three other states, unlawful sports betting wagering 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, described the federal ban, external as an "utter failure" previously this year.
It states the UK is an example of a nation where sports betting is commonplace.
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"It's time for Washington to stop denying states of vital tax earnings and allow them to enjoy the rewards of a regulated market," Mr Freeman said.
More than 15 states submitted papers in assistance of New Jersey in the case. A handful have currently passed laws to authorise sports betting in case of a modification.
'Times have altered'
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 are successful here we could 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 all set to go."
Despite the court's last ruling, Congress might also use up the argument amid wider discussion about online gaming and e-sports betting.
Even a few of the professional sports betting leagues have actually begun to alter their positions on the concern of gaming.
Adam Silver, National Basketball Association commissioner, supported a federal law that would produce a consistent set of rules across the US. "Times have 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?
latanyasoul937 edited this page 2025-01-02 00:18:18 +00:00