From c3f0a889e3647d286683d176c35c51cd069714a1 Mon Sep 17 00:00:00 2001 From: angelika863872 Date: Thu, 2 Jan 2025 18:01:58 +0800 Subject: [PATCH] Add US Ruling Opens Way For States-wide Sports Betting --- ...ns Way For States-wide Sports Betting.-.md | 32 +++++++++++++++++++ 1 file changed, 32 insertions(+) create mode 100644 US Ruling Opens Way For States-wide Sports Betting.-.md diff --git a/US Ruling Opens Way For States-wide Sports Betting.-.md b/US Ruling Opens Way For States-wide Sports Betting.-.md new file mode 100644 index 0000000..ff1220f --- /dev/null +++ b/US Ruling Opens Way For States-wide Sports Betting.-.md @@ -0,0 +1,32 @@ +
US ruling opens method for wagering
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14 May 2018
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The US Supreme Court has actually made a landmark [judgment](https://cozwo.com/read-blog/8819_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) that could enable states across the nation to legalise [sports betting](https://vishwakarmacommunity.org/read-blog/7970_how-much-are-americans-spending-on-sports-betting.html) wagering.
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It has actually backed a 2014 state judgment in New Jersey which permits [sports betting](https://westhamunitedfansclub.com/read-blog/15867_how-to-withdraw-from-bet9ja-8-step-guide-to-cash-in-your-wins.html) wagering in casinos and at [horse racing](https://www.tobeop.com/things-you-need-to-know-about-rafting-adventures/) tracks.
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The court likewise struck down a 1992 [federal law](https://welcometohaiti.com/read-blog/16359_for-sports-gambling-to-be-legalised.html) [prohibiting](https://cosplaybook.de/read-blog/7038_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.html) [sports betting](https://wiki.monnaie-libre.fr/wiki/Utilisateur:Anastasia4206).
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The news sent out the [share costs](https://theconnectly.com/read-blog/4457_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) of [sports betting](https://tartar.app/read-blog/1677_the-ins-and-outs-of-betting-on-the-nfl-draft.html) stocks in the US and UK rising, consisting of Britain's William Hill and Paddy Power.
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Several significant US [sports betting](https://peoplesmedia.co/read-blog/13137_the-history-of-the-nfl-and-how-to-bank-on-it.html) bodies had actually [opposed](https://friendspo.com/read-blog/28370_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) the move, including the National Basketball Association.
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The National Collegiate Athletic Association said it was a hazard to the "integrity of athletic competition".
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However, Justice Samuel Alito [composed](https://taar.me/read-blog/8475_how-much-are-americans-spending-on-sports-betting.html) on behalf of the Supreme Court: "The legalisation of [sports betting](https://www.heesah.com/read-blog/2209_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) needs an important policy choice, however the option is not ours to make.
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"[Congress](https://www.characterlist.com/read-blog/900_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) can manage [sports betting](https://www.hb9lc.org/wiki/index.php/User:MaddisonForeman) directly, however if it chooses not to do so, each state is free to act upon its own."
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Winners and losers
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Shares in UK-based bookmakers got on the ruling. Paddy Power Betfair's share price increased 10.5%, 888 Holdings leapt 14%, William Hill's stock gained 9.4% and GVC Holdings rallied 6%.
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In the US, shares in Churchill Downs, which owns horse race tracks and gambling establishments increased by 5.73%.
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But Wynn Resorts, the Nevada-based hotels and gambling establishment operator, saw its share cost fall by 2% on the possibility of competition from brand-new entrants to [sports betting](https://surgiteams.com/index.php/User:PhyllisBaley7).
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The Supreme Court decision overrules the Professional and Amateur [sports betting](https://krazzykross.com/read-blog/1526_how-to-play-bet9ja-online.html) Protection Act (PASPA) of 1992 that forbade [sports betting](https://personal.spaces.one/read-blog/3089_how-to-withdraw-from-bet9ja-8-step-guide-to-cash-in-your-wins.html) wagering in the majority of states.
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It is just allowed just a few states, consisting of Nevada, home to Las Vegas, Delaware, Montana and Oregon.
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Neil Wilson, chief market analyst at markets.com, stated that William Hill stands to get the most following the judgment due to the fact that it "can present [sports betting](https://wiki.fablabbcn.org/User:BrennaHalley74) operations pretty swiftly from Nevada, where it currently runs and has very [strong market](https://moonifie.com/read-blog/1423_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) presence".
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He included that the company also has a New Jersey operation "that is primed and ready to start taking bets within days".
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Paddy Power Betfair has a presence in the US through TVG, among the nation's biggest online horse racing organizations.
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Betfair purchased TVG in 2009 for $50m before it went on to merge with Paddy Power.
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Paddy Power Betfair likewise runs an online casino and horse race wagering business in New Jersey.
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More on this story
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High stakes for fixed-odds wagering machines
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12 May 2018
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Slam dunk for US [sports betting](https://aceme.ink/read-blog/1880_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) wagering restriction?
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Published
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4 December 2017
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