Will it be a Slam Dunk for the United States Sports Betting Ban?
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Will it be a slam dunk for the US sports betting ban?
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By Natalie Sherman
bit.ly
Business reporter, New York
A restriction on sports betting wagering in the majority of US states could be overturned 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 gambling, explaining the matter as a "states' rights" issue.
The case, which started on Monday, follows New Jersey homeowners voted in 2011 to legalise sports betting.
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A group of sports betting leagues opposes banking on video games, which they fear will encourage match-fixing.
Lower courts have consistently ruled versus 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 however in the middle of a wider shift in American mindsets towards gaming.
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 hungry for tax profits in the wake of the monetary crash have enacted a rash of looser gambling laws, gathering large levies on sports betting earnings.
There are now 24 states with industrial casinos - approximately double the number a decade earlier.
Despite the official ban, which already excuses Nevada and 3 other states, illegal sports betting is rife in the US.
Americans place about $154bn in illegal 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.
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 income and enable them to enjoy 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 wagering in the occasion of a modification.
'Times have actually changed'
On Monday, as attorneys began arguments for the Supreme Court, some more conservative judges appeared sceptical of the existing law.
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The court is to decide in June 2018.
"If we are effective here we could have bets being taken in New Jersey within two weeks of a decision by the court," said outbound New Jersey governor Chris Christie after going to the court hearing. "We're prepared in New Jersey - we're prepared to go."
Despite the court's last ruling, Congress might likewise take up the dispute amid wider discussion about online gaming and e-sports betting.
Even a few of the professional sports betting leagues have actually started to alter their positions on the question of sports betting.
Adam Silver, National Basketball Association commissioner, supported a federal law that would create an uniform set of rules throughout the US. "Times have actually changed," he composed in a 2014 viewpoint piece, external.
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