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Will it be a slam dunk for the US sports betting ban?
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By Natalie Sherman
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Business press reporter, New york city
A restriction on sports betting wagering in many US states might be reversed by a case being considered by the Supreme Court.
The state of New Jersey is challenging the 1992 federal law that largely banned sports betting gambling, explaining the matter as a "states' rights" concern.
The case, which started on Monday, follows New Jersey locals enacted 2011 to legalise sports betting wagering.
A group of sports betting leagues opposes banking on games, which they fear will encourage match-fixing.
Lower courts have regularly ruled against New Jersey, saying it is within the federal government's power to restrict a state's policy options.
The Supreme Court decided to hear the case however amid a broader shift in American attitudes towards gaming.
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 hungry for tax income in the wake of the monetary crash have enacted a rash of looser gambling laws, collecting substantial levies on gambling revenue.
There are now 24 states with industrial casinos - roughly double the number a decade back.
Despite the main restriction, which already excuses Nevada and three other states, unlawful sports betting wagering is swarming in the US.
Americans put about $154bn in illegal 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" earlier this year.
It states the UK is an example of a nation where sports betting wagering is prevalent.
"It's time for Washington to stop depriving states of vital tax income and permit them to gain the rewards of a regulated market," Mr Freeman stated.
More than 15 states filed papers in assistance of New Jersey in the case. A handful have actually already passed laws to authorise sports betting in case of a modification.
'Times have altered'
On Monday, as attorneys started arguments for the Supreme Court, some more conservative judges appeared sceptical of the existing law.
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The court is anticipated to decide in June 2018.
"If we succeed here we might have bets being taken in New Jersey within two weeks of a choice by the court," stated outbound New Jersey governor Chris Christie after attending the court hearing. "We're prepared in New Jersey - we're ready to go."
Despite the court's last judgment, Congress might also take up the more comprehensive conversation about online gaming and e-sports betting.
Even some of the expert sports betting leagues have actually started to change their positions on the question of gaming.
Adam Silver, National Basketball Association commissioner, supported a federal law that would develop an uniform set of rules across the US. "Times have actually altered," he wrote in a 2014 opinion piece, external.
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Will it be a Slam Dunk for the United States Sports Betting Ban?
leoramehaffey edited this page 2025-01-02 10:24:20 +08:00