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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 city
A ban on sports betting wagering in many 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 mostly forbade sports betting gambling, explaining the matter as a "states' rights" issue.
The case, which began on Monday, comes after New Jersey residents voted in 2011 to legalise sports betting.
A group of sports betting leagues opposes banking on games, which they fear will encourage match-fixing.
Lower courts have actually regularly ruled against New Jersey, saying it is within the federal government's power to limit a state's policy alternatives.
The Supreme Court decided to hear the case however amid a larger shift in American attitudes toward gaming.
Before 1976, Nevada - home of the Las Vegas strip - was the only state with legal gambling outside Native American lands.
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But in the last few years, states starving for tax revenue in the wake of the monetary crash have enacted a rash of looser gaming laws, gathering significant levies on sports betting profits.
There are now 24 states with industrial casinos - roughly double the number a decade back.
Despite the official ban, which currently exempts Nevada and 3 other states, unlawful sports betting wagering is rife in the US.
Americans position about $154bn in unlawful 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 says the UK is an example of a nation where sports betting wagering is commonplace.
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"It's time for Washington to stop depriving states of crucial tax earnings and enable them to reap the benefits of a regulated market," Mr Freeman said.
More than 15 states filed papers in assistance of New Jersey in the event. A handful have already passed laws to authorise sports betting wagering in case of a modification.
'Times have actually altered'
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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 make a decision in June 2018.
"If we achieve success here we might have bets being taken in New Jersey within 2 weeks of a decision by the court," stated outgoing New Jersey guv Chris Christie after going to the court hearing. "We're prepared in New Jersey - we're prepared to go."
Regardless of the court's last judgment, Congress might also take up the argument in the middle of more comprehensive discussion about online video gaming and e-sports betting.
Even some 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 altered," he composed in a 2014 viewpoint piece, external.
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Will it be a Slam Dunk for the United States Sports Betting Ban?
altawatt556878 edited this page 8 months ago