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Will it be a slam dunk for the US sports betting wagering ban?
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By Natalie Sherman
bit.ly
Business reporter, New york city

A restriction on sports betting wagering 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 largely banned sports betting gambling, explaining the matter as a “states’ rights” concern.

The case, which began on Monday, comes after New Jersey residents enacted 2011 to legalise sports betting wagering.

A group of sports betting leagues opposes wagering on games, which they fear will encourage match-fixing.

Lower courts have actually consistently ruled versus New Jersey, stating it is within the federal government’s power to limit a state’s policy options.
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The Supreme Court chose to hear the case however amidst a larger shift in American attitudes towards gambling.

Before 1976, Nevada - home of the Las Vegas strip - was the only state with legal gambling establishments outside Native American lands.

But recently, states hungry for tax income in the wake of the monetary crash have enacted a rash of looser gambling laws, gathering significant levies on gambling earnings.

There are now 24 states with industrial casinos - approximately double the number a years earlier.

Despite the official ban, which already exempts Nevada and three other states, illegal sports betting wagering is swarming 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, described the federal restriction, external as an “utter failure” earlier this year.

It states the UK is an example of a country where sports betting wagering is commonplace.
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“It’s time for Washington to stop denying states of critical tax income and permit them to reap the benefits of a regulated market,” Mr Freeman said.

More than 15 states filed documents in assistance of New Jersey in the case. A handful have already passed laws to authorise sports betting wagering in the occasion of a change.

‘Times have actually 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 anticipated to make a choice 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 outbound New Jersey governor Chris Christie after going to the court hearing. “We’re prepared in New Jersey - we’re all set to go.”

Despite the court’s final judgment, Congress might likewise use up the argument amidst wider conversation about online video gaming and e-sports betting.

Even a few of the professional sports betting leagues have begun to change their positions on the question of gaming.

Adam Silver, National Basketball Association commissioner, supported a federal law that would produce an uniform set of guidelines across the US. “Times have actually changed,” he wrote in a 2014 opinion piece, external.

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