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

By Natalie Sherman

Business reporter, New york city

A restriction on sports betting wagering in many 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 banned 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 actually regularly ruled against New Jersey, stating it is within the federal government's power to restrict a state's policy options.

The Supreme Court opted to hear the case however amid a larger shift in American attitudes towards gambling.

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

But recently, states hungry for tax revenue in the wake of the financial crash have enacted a rash of looser sports betting laws, collecting significant levies on gaming profits.

There are now 24 states with commercial casinos - roughly double the number a years ago.
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Despite the main restriction, which already excuses Nevada and 3 other states, prohibited sports betting is swarming in the US.

Americans place about $154bn in unlawful sports betting bets every year, according to the American Gaming Association.

The association's president, Geoff Freeman, described the federal ban, external as an "utter failure" previously this year.

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

"It's time for Washington to stop depriving states of important tax income and allow them to enjoy the benefits of a regulated market," Mr Freeman said.

More than 15 states submitted papers in support of New Jersey in the case. A handful have actually currently passed laws to authorise sports betting in case of a modification.
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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.
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The court is expected to decide in June 2018.

"If we are successful here we could have bets being taken in New Jersey within 2 weeks of a decision by the court," stated outbound New Jersey governor Chris Christie after going to the court hearing. "We're prepared in New Jersey - we're ready to go."

No matter the court's last judgment, Congress may also use up the debate 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 question of sports betting.

Adam Silver, National Basketball Association commissioner, supported a federal law that would develop a consistent set of guidelines throughout the US. "Times have actually changed," he in a 2014 viewpoint piece, external.
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