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Will it be a slam dunk for the US sports betting wagering restriction?

By Sherman

Business reporter, New York

A ban on sports betting wagering in the majority of US states might be reversed by a case being considered by the Supreme Court.

The state of New Jersey is challenging the 1992 federal law that mainly banned sports betting gaming, describing the matter as a "states' rights" problem.

The case, which began on Monday, follows New Jersey homeowners enacted 2011 to legalise sports betting.

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

Lower courts have regularly ruled against New Jersey, saying it is within the federal government's power to limit a state's policy options.

The Supreme Court chose to hear the case nonetheless amidst a wider shift in American attitudes toward gaming.

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

But over the last few years, states hungry for tax revenue in the wake of the financial crash have actually enacted a rash of looser sports betting laws, gathering large levies on sports betting revenue.

There are now 24 states with commercial gambling establishments - approximately double the number a years ago.
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Despite the main restriction, which currently excuses Nevada and 3 other states, unlawful sports betting is rife in the US.

Americans place about $154bn in illegal 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.
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It states the UK is an example of a country where sports betting wagering is commonplace.

"It's time for Washington to stop depriving states of important tax profits and permit them to gain the rewards 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 in the event of a change.
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'Times have actually altered'
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On Monday, as lawyers began arguments for the Supreme Court, some more conservative judges appeared sceptical of the existing law.

The court is anticipated to decide in June 2018.

"If we are successful here we might have bets being taken in New Jersey within two weeks of a decision by the court," stated outgoing New Jersey guv Chris Christie after going to the court hearing. "We're prepared in New Jersey - we're prepared to go."

No matter the court's final ruling, Congress might also take up the argument in the middle of more comprehensive conversation about online gaming and e-sports betting.

Even some of the professional sports betting leagues have actually started to alter their positions on the concern of gaming.

Adam Silver, National Basketball Association commissioner, supported a federal law that would create an uniform set of rules throughout the US. "Times have actually changed," he composed in a 2014 viewpoint piece, external.

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