Will it be a slam dunk for the US sports betting wagering restriction?
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By Natalie Sherman
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Business press reporter, New York
A restriction on sports betting in most 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 banned sports betting gaming, describing the matter as a "states' rights" problem.
The case, which started on Monday, comes after New Jersey locals voted in 2011 to legalise sports betting.
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A group of sports betting leagues opposes sports betting on games, which they fear will motivate match-fixing.
Lower courts have actually regularly ruled versus New Jersey, saying it is within the federal government's power to limit a state's policy choices.
The Supreme Court opted to hear the case however amid a broader shift in American mindsets towards gaming.
Before 1976, Nevada - home of the Las Vegas strip - was the only state with legal casinos outside Native American lands.
But in the last few years, states starving for tax revenue in the wake of the monetary crash have enacted a rash of looser gambling laws, collecting significant levies on gambling income.
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There are now 24 states with industrial casinos - roughly double the number a decade ago.
Despite the official restriction, which currently excuses Nevada and 3 other states, prohibited sports betting wagering 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 ban, external as an "utter failure" previously this year.
It states the UK is an example of a country where sports betting is commonplace.
"It's time for Washington to stop depriving states of vital tax earnings and allow them to gain the rewards of a regulated market," Mr Freeman said.
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More than 15 states submitted papers in support of New Jersey in the case. A handful have currently passed laws to authorise sports betting wagering in case of a modification.
'Times have changed'
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 decide in June 2018.
"If we achieve success here we might have bets being taken in New Jersey within 2 weeks of a choice by the court," said outgoing New Jersey guv Chris Christie after participating in the court hearing. "We're prepared in New Jersey - we're ready to go."
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Regardless of the court's last judgment, Congress may also take up the argument amid more about online gaming and e-sports betting.
Even some of the expert sports betting leagues have actually begun to alter their positions on the question of gaming.
Adam Silver, National Basketball Association commissioner, supported a federal law that would create an uniform set of rules across the US. "Times have changed," he wrote in a 2014 viewpoint piece, external.
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Will it be a Slam Dunk for the US Sports Betting Ban?
michellkkx5317 edited this page 2025-01-02 12:25:37 +08:00