From 4fc060b08a528eef460f018f12610e5247912e32 Mon Sep 17 00:00:00 2001 From: janicev1370846 Date: Wed, 1 Jan 2025 22:15:48 -0600 Subject: [PATCH] Add 'US Ruling Opens Way For States-wide Sports Betting' --- ...pens-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..3f6422d --- /dev/null +++ b/US-Ruling-Opens-Way-For-States-wide-Sports-Betting.md @@ -0,0 +1,32 @@ +[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
US ruling opens method for states-wide [sports betting](https://wheeoo.com/read-blog/57802_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) wagering
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14 May 2018
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The US Supreme Court has actually made a [landmark](https://social.mirrororg.com/read-blog/7664_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) that could permit states throughout the nation to legalise [sports betting](https://qanda.yokepost.com/index.php?qa=199369&qa_1=fantasy-betting-development-companies-sports-developers).
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It has endorsed a 2014 state ruling in New Jersey which allows [sports betting](http://famedoot.in/read-blog/84_for-sports-gambling-to-be-legalised.html) in casinos and at horse racing tracks.
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The court likewise [overruled](https://swaggspot.com/read-blog/9524_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) a 1992 [federal law](https://issosyal.com/read-blog/10004_how-to-play-bet9ja-online.html) [banning](https://philadelphiaflyersclub.com/read-blog/8449_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) [sports betting](https://ifairy.world/read-blog/1567_just-how-much-are-americans-spending-on-sports-betting.html) gaming.
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The news sent out the share prices of [sports betting](https://globalabout.com/read-blog/16954_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) stocks in the US and UK rising, [consisting](https://tribetok.com/read-blog/78_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.html) of [Britain's William](https://projectblueberryserver.com/index.php/User:KarmaWekey) Hill and [Paddy Power](https://sahabatcasn.com/read-blog/201_for-sports-gambling-to-be-legalised.html).
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Several major US [sports betting](https://online-learning-initiative.org/wiki/index.php/User:RuebenDalley87) bodies had actually opposed the move, including the National Basketball Association.
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The National Collegiate [Athletic Association](https://gayplatform.de/read-blog/3792_the-ins-and-outs-of-betting-on-the-nfl-draft.html) stated it was a risk to the "stability of athletic competition".
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However, [Justice Samuel](https://bigtoc.com/read-blog/8969_sport-betting-industry-seeks-to-protect-itself.html) Alito composed on behalf of the Supreme Court: "The legalisation of [sports betting](https://olps.co.za/wiki/User:LesMoreira4) requires a crucial policy choice, however the option is not ours to make.
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"Congress can regulate [sports betting](https://social.japrime.id/read-blog/23399_how-much-are-americans-spending-on-sports-betting.html) gambling directly, but if it chooses not to do so, each state is free to act on its own."
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Winners and losers
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Shares in UK-based bookmakers leapt on the ruling. Paddy Power Betfair's share rate rose 10.5%, 888 Holdings leapt 14%, William Hill's stock acquired 9.4% and GVC Holdings rallied 6%.
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In the US, shares in Churchill Downs, which owns horse race tracks and casinos rose by 5.73%.
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But Wynn Resorts, the Nevada-based hotels and casino operator, saw its share rate fall by 2% on the possibility of competitors from new entrants to [sports betting](https://bvbborussiadortmundfansclub.com/read-blog/6484_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) wagering.
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The Supreme Court decision strikes down the Professional and Amateur [sports betting](https://issosyal.com/read-blog/10864_for-sports-gambling-to-be-legalised.html) Protection Act (PASPA) of 1992 that forbade [sports betting](https://cosplaybook.de/read-blog/7040_how-are-betting-odds-calculated.html) in many states.
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It is just permitted in just a couple of states, consisting of Nevada, home to Las Vegas, Delaware, Montana and Oregon.
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Neil Wilson, primary market analyst at markets.com, said that William Hill stands to acquire the most following the judgment since it "can present [sports betting](https://valetinowiki.racing/wiki/User:Raymond41Y) operations quite promptly from Nevada, where it already operates and has [extremely strong](https://mixup.wiki/index.php/User:RBCRoxanna) market presence".
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He included that the company likewise has a New Jersey operation "that is primed and all set to begin taking bets within days".
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Paddy Power Betfair has a presence in the US through TVG, among the country's most significant online horse racing companies.
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Betfair purchased TVG in 2009 for $50m before it went on to combine with Paddy Power.
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Paddy Power Betfair likewise runs an online gambling establishment and horse race [sports betting](http://bedfordfalls.live/read-blog/117140_the-ins-and-outs-of-betting-on-the-nfl-draft.html) organization in New Jersey.
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More on this story
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High stakes for fixed-odds [sports betting](https://forum.alwehdaclub.sa/read-blog/2469_why-every-cricket-fan-should-try-the-all-cricket-id-gaming-platform.html) devices
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12 May 2018
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Slam dunk for US [sports betting](https://twixxor.com/read-blog/8945_why-every-cricket-fan-ought-to-try-the-all-cricket-id-gaming-platform.html) ban?
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Published
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4 December 2017
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