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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 reporter, New York
A ban on sports betting in the majority of US states might be overturned by a case being considered by the Supreme Court.
The state of New Jersey is challenging the 1992 federal law that largely disallowed sports betting gambling, describing the matter as a "states' rights" concern.
The case, which started on Monday, follows New Jersey citizens voted in 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, stating it is within the federal government's power to restrict a state's policy choices.
The Supreme Court chose to hear the case nevertheless amidst a larger shift in American attitudes towards sports betting.
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 profits in the wake of the financial crash have enacted a rash of looser gaming laws, gathering substantial levies on gambling revenue.
There are now 24 states with industrial gambling establishments - roughly double the number a decade back.
Despite the main ban, which currently exempts Nevada and three other states, unlawful 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 restriction, external as an "utter failure" earlier this year.
It states the UK is an example of a country where sports betting is prevalent.
"It's time for Washington to stop denying states of vital tax income and permit them to reap the rewards of a regulated market," Mr Freeman said.
More than 15 states filed papers in support 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 changed'
On Monday, as lawyers started 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 succeed here we could have bets being taken in New Jersey within 2 weeks of a choice by the court," said outbound New Jersey guv Chris Christie after attending the court hearing. "We're prepared in New Jersey - we're all set to go."
Regardless of the court's final ruling, Congress might also take up the debate in the middle of more comprehensive conversation about online gaming and e-sports betting.
Even some of the expert sports betting leagues have begun to change their positions on the concern of gambling.
Adam Silver, National Basketball Association commissioner, supported a federal law that would produce an uniform set of rules across the US. "Times have actually changed," he composed in a 2014 opinion piece, external.
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Will it be a Slam Dunk for the US Sports Betting Ban?
kraigq66874137 edited this page 2025-01-02 19:26:27 +08:00