Will it be a slam dunk for the US sports betting wagering restriction?
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By Natalie Sherman
Business press reporter, New york city
A ban on sports betting in many 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 disallowed sports betting, describing the matter as a "states' rights" concern.
The case, which started on Monday, comes after New Jersey citizens enacted 2011 to legalise sports betting.
A group of sports betting leagues opposes sports betting on games, which they fear will encourage match-fixing.
Lower courts have consistently ruled against New Jersey, saying it is within the federal government's power to limit a state's policy alternatives.
The Supreme Court chose to hear the case nonetheless amidst a wider shift in American mindsets toward 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 hungry for tax income in the wake of the monetary crash have enacted a rash of looser gambling laws, collecting significant levies on sports betting revenue.
There are now 24 states with business casinos - approximately double the number a decade ago.
Despite the official ban, which already exempts Nevada and three other states, prohibited sports betting wagering is rife in the US.
Americans position about $154bn in illegal sports betting bets every year, according to the American Gaming Association.
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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 nation where sports betting wagering is commonplace.
"It's time for Washington to stop depriving states of crucial tax income and allow them to reap the rewards of a regulated market," Mr Freeman said.
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More than 15 states submitted documents in assistance of New Jersey in the case. A handful have already passed laws to authorise sports betting in case of a change.
'Times have actually altered'
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 are successful here we could have bets being taken in New Jersey within two 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 all set to go."
Regardless of the court's final ruling, Congress may also use up the dispute in the middle of broader conversation about online gaming and e-sports betting.
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Even a few 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 an uniform set of guidelines across the US. "Times have altered," he wrote in a 2014 piece, external.
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Will it be a Slam Dunk for the US Sports Betting Ban?
Owen Fairchild edited this page 2025-01-13 16:41:05 +00:00