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

Business reporter, New york city
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A ban on sports betting wagering in most 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 largely forbade sports betting gaming, describing the matter as a "states' rights" concern.

The case, which started on Monday, follows New Jersey residents voted in 2011 to legalise sports betting wagering.

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

Lower courts have actually regularly ruled against New Jersey, stating it is within the federal government's power to restrict a state's policy choices.

The Supreme Court decided to hear the case however in the middle of a broader 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 starving for tax profits in the wake of the monetary crash have enacted a rash of looser gambling laws, collecting large levies on gaming earnings.

There are now 24 states with business casinos - roughly double the number a years ago.

Despite the official ban, which currently excuses Nevada and three other states, sports betting is swarming in the US.

Americans position about $154bn in prohibited 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.

It says the UK is an example of a nation where sports betting is prevalent.

"It's time for Washington to stop depriving states of vital tax revenue and enable them to gain the benefits of a regulated market," Mr Freeman said.
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More than 15 states submitted papers in support of New Jersey in the case. A handful have currently passed laws to authorise sports betting wagering in the occasion of a change.

'Times have actually altered'

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 succeed here we could have bets being taken in New Jersey within two weeks of a decision by the court," said outbound New Jersey guv Chris Christie after participating in the court hearing. "We're prepared in New Jersey - we're ready to go."

No matter the court's final ruling, Congress may likewise take up the argument amid more comprehensive conversation about online gaming and e-sports betting.

Even a few of the expert sports betting leagues have actually 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 rules across the US. "Times have altered," he wrote in a 2014 opinion piece, external.
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