From 541a8e9398c0bad49f2e8471fa7cb1691d3c8196 Mon Sep 17 00:00:00 2001 From: dorcasevatt362 Date: Wed, 8 Jan 2025 05:15:32 +0000 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..01efed4 --- /dev/null +++ b/US Ruling Opens Way For States-wide Sports Betting.-.md @@ -0,0 +1,32 @@ +
US [judgment](https://app.theremoteinternship.com/read-blog/25815_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) opens method for [states-wide](https://thefreedommovement.ca/read-blog/19377_missouri-sports-betting-ballot-measure-approved-by-voters.html) [sports betting](https://blablasell.com/read-blog/12003_things-you-need-to-learn-about-rafting-adventures.html) wagering
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14 May 2018
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The US Supreme Court has made a landmark ruling that might permit states across the [country](https://bytes-the-dust.com/index.php/User:JimJenkinson549) to legalise [sports betting](https://letustalk.co.in/read-blog/11508_just-how-much-are-americans-investing-in-sports-betting.html) [wagering](https://palkwall.com/read-blog/27705_exploring-the-sports-betting-industry-putting-ideas-into-practice.html).
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It has [endorsed](https://kenyansocial.com/read-blog/1358_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) a 2014 state [judgment](https://forum.petstory.ge/read-blog/3464_begin-winning-with-pcg-college-football-picks.html) in New Jersey which [sports betting](https://twitemedia.com/read-blog/93_best-u-s-sports-betting-sites-amp-sportsbooks-for-2024.html) in casinos and at horse racing tracks.
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The court also overruled a 1992 federal law banning [sports betting](https://edu.yju.ac.kr/board_ATUW65/424064).
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The news sent the share rates of [sports betting](https://octomo.co.uk/read-blog/6551_the-ins-and-outs-of-betting-on-the-nfl-draft.html) stocks in the US and UK rising, including Britain's [William Hill](https://cosplaybook.de/read-blog/7093_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) and Paddy Power.
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Several significant US [sports betting](https://app.deepsoul.es/read-blog/61_compare-amp-review-oddsjet-de.html) bodies had actually opposed the move, consisting of the [National Basketball](https://lets.chchat.me/read-blog/1983_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) [Association](https://friends.win/read-blog/20701_how-to-withdraw-from-bet9ja-8-step-guide-to-money-in-your-wins.html).
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The National Collegiate Athletic Association stated it was a threat to the "integrity of athletic competitors".
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However, Justice Samuel Alito composed on behalf of the Supreme Court: "The legalisation of [sports betting](https://uconnect.ae/read-blog/173449_warner-bros-discovery-sets-stage-for-potential-cable-deal-by.html) gambling needs an essential policy option, however the option is not ours to make.
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"[Congress](https://iochats.com/read-blog/30888_things-you-need-to-know-about-rafting-adventures.html) can manage [sports betting](https://www.womplaz.com/read-blog/78_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) straight, but if it chooses not to do so, each state is [complimentary](https://inicknet.com/read-blog/2195_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) to act on its own."
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Winners and losers
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Shares in UK-based bookies got on the ruling. Paddy Power Betfair's share rate increased 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 gambling establishments 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 competition from new entrants to [sports betting](https://www.kuyasia.com/read-blog/63_begin-winning-with-pcg-college-football-picks.html).
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The Supreme Court decision overrules the Professional and Amateur [sports betting](https://twixxor.com/read-blog/8915_for-sports-gambling-to-be-legalised.html) Protection Act (PASPA) of 1992 that prohibited [sports betting](http://stotep.com/read-blog/3895_how-much-are-americans-investing-in-sports-betting.html) in many states.
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It is only enabled in just a few states, including Nevada, home to Las Vegas, Delaware, Montana and Oregon.
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Neil Wilson, chief market analyst at markets.com, said that William Hill stands to acquire the most following the judgment because it "can present [gambling operations](https://seenoor.com/read-blog/427_how-to-play-bet9ja-online.html) quite promptly from Nevada, where it already runs and has really [strong market](https://myquora.myslns.com/index.php?qa=40647&qa_1=betting-firms-gamble-united-states-after-sports-wager-ruling) presence".
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He included that the company also 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, one of 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 also runs an online casino and horse race [sports betting](https://friendspo.com/read-blog/28362_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) service in New Jersey.
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More on this story
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High stakes for fixed-odds wagering devices
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12 May 2018
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Slam dunk for US [sports betting](https://juryi.sn/read-blog/12093_begin-winning-with-pcg-college-football-picks.html) wagering ban?
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Published
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4 December 2017
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