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Will it be a slam dunk for the US sports betting restriction?
By Natalie Sherman
bit.ly
Business reporter, New York
A restriction on sports betting wagering in many 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 mostly disallowed sports betting gaming, explaining the matter as a "states' rights" concern.
The case, which began on Monday, follows New Jersey locals voted in 2011 to legalise sports betting wagering.
A group of sports betting leagues opposes banking on games, which they fear will motivate match-fixing.
Lower courts have consistently ruled versus New Jersey, saying it is within the federal government's power to limit a state's policy options.
The Supreme Court chose to hear the case however amidst a broader shift in American attitudes toward sports betting.
Before 1976, Nevada - home of the Las Vegas strip - was the only state with legal gambling establishments outside Native American lands.
But over the last few years, states starving for tax earnings in the wake of the monetary crash have enacted a rash of looser gaming laws, gathering hefty levies on gaming income.
There are now 24 states with establishments - roughly double the number a decade ago.
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 unlawful 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 wagering is commonplace.
"It's time for Washington to stop depriving states of critical tax revenue and permit them to enjoy the benefits of a regulated market," Mr Freeman stated.
More than 15 states filed papers in assistance of New Jersey in the event. A handful have actually already passed laws to authorise sports betting in the occasion 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 anticipated to make a choice in June 2018.
"If we succeed here we might have bets being taken in New Jersey within 2 weeks of a decision by the court," said outgoing New Jersey governor Chris Christie after attending the court hearing. "We're prepared in New Jersey - we're prepared to go."
No matter the court's last ruling, Congress may also use up the dispute amidst more comprehensive discussion about online gaming and e-sports betting.
Even a few of the expert sports betting leagues have begun to alter their positions on the concern of gambling.
Adam Silver, National Basketball Association commissioner, supported a federal law that would develop an uniform set of rules across the US. "Times have changed," 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?
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