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Will it be a slam dunk for the US sports betting wagering restriction?
By Natalie Sherman
Business reporter, New York
A restriction on sports betting in the majority of US states could be overturned by a case being considered by the Supreme Court.
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The state of New Jersey is challenging the 1992 federal law that largely disallowed sports betting, describing the matter as a "states' rights" concern.
The case, which began on Monday, comes after New Jersey citizens voted in 2011 to legalise sports betting wagering.
A group of sports betting leagues opposes banking on video games, which they fear will encourage match-fixing.
Lower courts have regularly ruled versus New Jersey, stating it is within the federal government's power to restrict a state's policy choices.
The Supreme Court opted to hear the case nevertheless in the middle of 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 in recent years, states starving for tax revenue in the wake of the monetary crash have enacted a rash of looser gambling laws, gathering substantial levies on gambling earnings.
There are now 24 states with commercial 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 swarming in the US.
Americans put about $154bn in unlawful sports betting bets every year, according to the American Gaming Association.
The 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 prevalent.
"It's time for Washington to stop denying states of vital tax profits and permit them to gain the benefits 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 already passed laws to authorise sports betting wagering in the occasion of a change.
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'Times have changed'
On Monday, as attorneys began arguments for the Supreme Court, some more conservative judges appeared sceptical of the existing law.
The court is expected to make a choice 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," said outgoing New Jersey governor Chris Christie after going to the court hearing. "We're prepared in New Jersey - we're all set to go."
Regardless of the court's final judgment, Congress might also use up the dispute amid more comprehensive discussion about online video gaming and e-sports betting.
Even some of the expert sports betting leagues have started to change their positions on the concern of sports betting.
Adam Silver, National Basketball Association commissioner, supported a federal law that would create a consistent set of rules across the US. "Times have actually changed," 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?
Jurgen Topp edited this page 2025-01-16 08:11:51 +08:00