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Will it be a slam dunk for the US sports betting ban?
By Natalie Sherman
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Business reporter, New York
A ban on sports betting wagering in a lot of 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 mainly forbade sports betting gaming, explaining the matter as a "states' rights" issue.
The case, which started on Monday, comes after New Jersey homeowners voted in 2011 to legalise sports betting.
A group of sports betting leagues opposes wagering on video games, which they fear will encourage match-fixing.
Lower courts have versus New Jersey, stating it is within the federal government's power to limit a state's policy choices.
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The Supreme Court chose to hear the case nevertheless in the middle of a broader shift in American mindsets toward gambling.
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 revenue in the wake of the monetary crash have enacted a rash of looser gambling laws, collecting hefty levies on sports betting income.
There are now 24 states with industrial casinos - approximately double the number a decade back.
Despite the official ban, which already excuses Nevada and 3 other states, unlawful sports betting wagering is swarming in the US.
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Americans position about $154bn in illegal 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" previously this year.
It states the UK is an example of a nation where sports betting is prevalent.
"It's time for Washington to stop denying states of critical tax income and permit them to gain the rewards of a regulated market," Mr Freeman stated.
More than 15 states submitted papers in assistance of New Jersey in the event. A handful have already passed laws to authorise sports betting wagering in the occasion of a modification.
'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 anticipated to make a decision in June 2018.
"If we succeed here we could have bets being taken in New Jersey within 2 weeks of a choice 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."
Despite the court's last ruling, Congress may also use up the argument amidst wider conversation about online gaming and e-sports betting.
Even some of the professional sports betting leagues have begun to alter their positions on the concern of sports betting.
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Adam Silver, National Basketball Association commissioner, supported a federal law that would produce a consistent set of rules across the US. "Times have actually changed," he composed in a 2014 viewpoint piece, external.
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Will it be a Slam Dunk for the US Sports Betting Ban?
Dyan Butcher edited this page 4 days ago