Add 'US Ruling Opens Way For States-wide Sports Betting'

master
Colette Pinder 5 months ago
commit
f271e3eece
  1. 32
      US-Ruling-Opens-Way-For-States-wide-Sports-Betting.md

32
US-Ruling-Opens-Way-For-States-wide-Sports-Betting.md

@ -0,0 +1,32 @@
<br>US ruling opens method for [states-wide](https://mensaceuta.com/read-blog/9176_warner-bros-discovery-sets-stage-for-potential-cable-deal-by.html) [sports betting](https://d9talks.site/read-blog/1195_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) wagering<br>[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG)
<br>14 May 2018<br>
<br>Share<br>
<br>close panel<br>
<br>Share page<br>[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
<br>Copy link<br>
<br>About sharing<br>
<br>The US Supreme Court has made a [landmark ruling](https://noaisocial.pro/read-blog/2366_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) that could enable states across the country to legalise [sports betting](https://thatswhathappened.wiki/index.php/User:AlfredKroger0) [wagering](https://coptr.digipres.org/index.php/User:BradSnook738766).<br>
<br>It has a 2014 state ruling in New Jersey which permits [sports betting](https://nuo18.lt/read-blog/68717_why-every-cricket-fan-ought-to-try-the-all-cricket-id-gaming-platform.html) in gambling establishments and at horse racing tracks.<br>
<br>The court also [overruled](https://mybuddis.com/read-blog/70_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) a 1992 federal law banning [sports betting](https://social.myschoolfriend.ng/read-blog/40780_missouri-sports-betting-ballot-measure-approved-by-voters.html).<br>
<br>The news sent the share costs of [sports betting](https://inicknet.com/read-blog/2280_best-u-s-sports-betting-sites-amp-sportsbooks-for-2024.html) stocks in the US and UK surging, consisting of Britain's William Hill and [Paddy Power](https://bbarlock.com/index.php/User:KristyMcDavid9).<br>
<br>Several major US [sports betting](https://meta.mactan.com.br/read-blog/24920_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) bodies had opposed the move, consisting of the [National Basketball](http://www.pickmemo.com/read-blog/11303_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) Association.<br>
<br>The National Collegiate Athletic [Association stated](https://africasfaces.com/read-blog/5876_how-to-attract-users-to-my-fantasy-sports-platform.html) it was a threat to the "stability of athletic competition".<br>
<br>However, Justice Samuel Alito composed on behalf of the Supreme Court: "The legalisation of [sports betting](https://encone.com/read-blog/46373_just-how-much-are-americans-spending-on-sports-betting.html) requires an essential policy option, but the option is not ours to make.<br>
<br>"Congress can [control](http://chillibell.com/read-blog/492_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) [sports betting](http://www.mizmiz.de/read-blog/83306_things-you-need-to-learn-about-rafting-adventures.html) [gambling](https://kiigasofthub.com/read-blog/10134_how-to-play-bet9ja-online.html) directly, but if it [chooses](http://kitsap.whigdev.com/read-blog/3092_how-to-withdraw-from-bet9ja-8-step-guide-to-cash-in-your-wins.html) not to do so, each state is [totally free](https://socialsmerch.com/read-blog/10520_sport-betting-industry-wants-to-protect-itself.html) to act upon its own."<br>
<br>Winners and losers<br>
<br>Shares in UK-based bookmakers jumped on the judgment. Paddy Power Betfair's share rate rose 10.5%, 888 Holdings leapt 14%, William Hill's stock got 9.4% and GVC Holdings rallied 6%.<br>
<br>In the US, shares in Churchill Downs, which owns horse race tracks and gambling establishments increased by 5.73%.<br>
<br>But Wynn Resorts, the Nevada-based hotels and casino operator, saw its share cost fall by 2% on the possibility of competition from brand-new entrants to [sports betting](https://thatswhathappened.wiki/index.php/User:QuentinFedler74).<br>
<br>The Supreme Court choice overrules the Professional and Amateur [sports betting](https://redebuck.com.br/read-blog/22672_things-you-need-to-learn-about-rafting-adventures.html) Protection Act (PASPA) of 1992 that forbade [sports betting](https://sahabatcasn.com/read-blog/201_for-sports-gambling-to-be-legalised.html) wagering in most states.<br>
<br>It is just enabled in only a couple of states, including Nevada, home to Las Vegas, Delaware, Montana and Oregon.<br>
<br>Neil Wilson, chief market analyst at markets.com, said that William Hill stands to acquire the most following the judgment due to the fact that it "can present [gambling operations](https://tribetok.com/read-blog/96_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) quite promptly from Nevada, where it already runs and has really [strong market](https://ozgurtasdemir.net/read-blog/529_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) presence".<br>
<br>He added that the company also has a New Jersey operation "that is primed and [prepared](https://wiki.ragnaworld.net/index.php?title=User:DONChasity) to start taking bets within days".<br>
<br>Paddy Power Betfair has an existence in the US through TVG, one of the nation's greatest online horse racing companies.<br>
<br>Betfair bought TVG in 2009 for $50m before it went on to combine with Paddy Power.<br>
<br>Paddy Power Betfair likewise runs an online casino and horse race wagering business in New Jersey.<br>
<br>More on this story<br>
<br>High stakes for fixed-odds [sports betting](https://www.contraband.ch/read-blog/41833_sport-betting-industry-looks-to-protect-itself.html) devices<br>
<br>12 May 2018<br>
<br>Slam dunk for US [sports betting](https://social.myschoolfriend.ng/read-blog/40810_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) wagering ban?<br>[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
<br>Published<br>
<br>4 December 2017<br>[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
Loading…
Cancel
Save