From 3abc33b2db72ddb054bedd04ef1360d1b4b679d4 Mon Sep 17 00:00:00 2001 From: hkbstefanie568 Date: Thu, 2 Jan 2025 10:53:09 +0300 Subject: [PATCH] Add 'US Ruling Opens Way For States-wide Sports Betting' --- ...pens-Way-For-States-wide-Sports-Betting.md | 32 +++++++++++++++++++ 1 file changed, 32 insertions(+) create mode 100644 US-Ruling-Opens-Way-For-States-wide-Sports-Betting.md diff --git a/US-Ruling-Opens-Way-For-States-wide-Sports-Betting.md b/US-Ruling-Opens-Way-For-States-wide-Sports-Betting.md new file mode 100644 index 0000000..fff4d8f --- /dev/null +++ b/US-Ruling-Opens-Way-For-States-wide-Sports-Betting.md @@ -0,0 +1,32 @@ +[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
US ruling opens method for states-wide [sports betting](https://comunidadebrasilbr.com/read-blog/14356_the-ins-and-outs-of-betting-on-the-nfl-draft.html) wagering
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14 May 2018
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The US Supreme Court has actually made a landmark [judgment](https://oeclub.org/index.php/User:GingerU959) that could enable states across the country to [legalise](https://www.kuyasia.com/read-blog/79_why-every-cricket-fan-must-try-the-all-cricket-id-gaming-platform.html) [sports betting](https://coptr.digipres.org/index.php/User:BradSnook738766) wagering.
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It has actually backed a 2014 state [judgment](https://wow.t-mobility.co.il/read-blog/50_how-are-betting-odds-calculated.html) in New Jersey which permits [sports betting](https://bikapsul.com/read-blog/1424_how-are-betting-odds-calculated.html) in [casinos](https://customerscomm.com/read-blog/3704_things-you-need-to-understand-about-rafting-adventures.html) and at horse racing tracks.
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The court also struck down a 1992 federal law [banning](https://wheeoo.com/read-blog/58279_exploring-the-sports-betting-industry-putting-ideas-into-practice.html) [sports betting](https://surgiteams.com/index.php/User:DanePutnam) [gambling](https://realhindu.in/read-blog/21499_enhance-your-business-opportunities-with-efficient-sports-apps.html).
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The news sent the share prices of [sports betting](http://www.pickmemo.com/read-blog/11287_the-ins-and-outs-of-betting-on-the-nfl-draft.html) stocks in the US and UK surging, consisting of [Britain's William](https://connectingsparks.com/read-blog/25091_for-sports-gambling-to-be-legalised.html) Hill and [Paddy Power](https://35.237.164.2/wiki/User:BeatriceMcdonoug).
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Several major US [sports betting](https://wolvesbaneuo.com/wiki/index.php/User:CheriKitchen883) bodies had actually opposed the move, including the National Basketball [Association](https://www.grandtribunal.org/wiki/User:JanelleTitheradg).
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The National Collegiate Athletic Association said it was a risk to the "integrity of athletic competitors".
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However, Justice Samuel Alito composed on behalf of the Supreme Court: "The legalisation of [sports betting](http://it-viking.ch/index.php/User:DeboraBlackett3) needs a crucial policy option, but the option is not ours to make.
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"Congress can manage [sports betting](https://richonline.club/read-blog/4359_for-sports-gambling-to-be-legalised.html) directly, but if it chooses not to do so, each state is [totally free](https://mxlinkin.mimeld.com/read-blog/698_score-big-wins-how-sports-betting-software-drives-growth-and-engagement.html) to act upon its own."
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Winners and losers
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Shares in UK-based bookies got on the ruling. Paddy Power Betfair's share cost increased 10.5%, 888 Holdings jumped 14%, William Hill's stock got 9.4% and GVC Holdings rallied 6%.
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In the US, shares in Churchill Downs, which owns horse race tracks and casinos rose by 5.73%.
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But Wynn Resorts, the Nevada-based hotels and casino operator, saw its share rate fall by 2% on the prospect of competitors from new entrants to [sports betting](https://bvbborussiadortmundfansclub.com/read-blog/6486_online-betting-firms-gamble-on-soccer-mad-nigeria.html) wagering.
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The Supreme Court decision overrules the Professional and Amateur [sports betting](http://maili.demoe.cn:112/read-blog/458_how-to-withdraw-from-bet9ja-8-step-guide-to-cash-in-your-wins.html) Protection Act (PASPA) of 1992 that prohibited [sports betting](https://kenyansocial.com/read-blog/1322_for-sports-gambling-to-be-legalised.html) in many states.
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It is only allowed in only a few states, including Nevada, home to Las Vegas, Delaware, Montana and Oregon.
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Neil Wilson, primary market expert at markets.com, said that William Hill stands to gain the most following the judgment since it "can roll out [gambling operations](https://theconnectly.com/read-blog/4149_just-how-much-are-americans-spending-on-sports-betting.html) quite promptly from Nevada, where it already runs and has really [strong market](https://inicknet.com/read-blog/2280_best-u-s-sports-betting-sites-amp-sportsbooks-for-2024.html) presence".
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He included that the company also has a New Jersey operation "that is primed and prepared to begin taking bets within days".
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Paddy Power Betfair has an existence in the US through TVG, one of the nation's most significant online horse racing businesses.
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Betfair purchased TVG in 2009 for $50m before it went on to combine with Paddy Power.
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Paddy Power Betfair also operates an online casino and horse race wagering organization in New Jersey.
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More on this story
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High stakes for fixed-odds wagering devices
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12 May 2018
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Slam dunk for US [sports betting](https://followmylive.com/read-blog/21881_best-u-s-sports-betting-sites-amp-sportsbooks-for-2024.html) restriction?
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Published
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4 December 2017
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