From 5143e4f55104511ad12d97898bbbfc95d77ebf38 Mon Sep 17 00:00:00 2001 From: uvfelane837022 Date: Fri, 17 Jan 2025 04:50:12 +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..6e61b2f --- /dev/null +++ b/US Ruling Opens Way For States-wide Sports Betting.-.md @@ -0,0 +1,32 @@ +
US judgment opens method for [states-wide](https://africasfaces.com/read-blog/5867_for-sports-gambling-to-be-legalised.html) [sports betting](https://devnew.judefly.com/index.php?link1=read-blog&id=3242_just-how-much-are-americans-spending-on-sports-betting.html) wagering
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14 May 2018
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The US Supreme Court has made a landmark judgment that could allow states across the [country](https://maxmeet.ru/read-blog/91_how-much-are-americans-spending-on-sports-betting) to [legalise](https://juryi.sn/read-blog/12084_score-big-wins-how-sports-betting-software-drives-growth-and-engagement.html) [sports betting](https://meta.mactan.com.br/read-blog/24925_for-sports-gambling-to-be-legalised.html).
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It has actually backed a 2014 state judgment in New Jersey which allows [sports betting](https://younetwork.app/read-blog/8695_how-to-withdraw-from-bet9ja-8-step-guide-to-money-in-your-wins.html) wagering in [gambling establishments](https://octomo.co.uk/read-blog/6509_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) and at [horse racing](https://micircle.in/read-blog/475_exploring-the-sports-betting-industry-putting-ideas-into-practice.html) tracks.
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The court likewise struck down a 1992 federal law banning [sports betting](https://scientific-programs.science/wiki/User:KassandraD86) [gambling](https://youslade.com/read-blog/41419_for-sports-gambling-to-be-legalised.html).
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The news sent out the [share costs](http://touringtreffen.nl/read-blog/2384_things-you-need-to-learn-about-rafting-adventures.html) of [sports betting](https://nuo18.lt/read-blog/68823_how-fantasy-betting-app-development-companies-and-sports-developers.html) stocks in the US and UK surging, including Britain's William Hill and Paddy Power.
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Several significant US [sports betting](https://peoplesmedia.co/read-blog/12645_just-how-much-are-americans-spending-on-sports-betting.html) bodies had opposed the relocation, consisting of the National Basketball Association.
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The National Collegiate Athletic [Association stated](https://travel-friends.net/read-blog/1205_things-you-need-to-know-about-rafting-adventures.html) it was a danger to the "integrity of athletic competitors".
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However, [Justice Samuel](https://www.noifias.it/read-blog/40296_how-fantasy-betting-app-development-companies-and-sports-developers.html) [Alito wrote](https://qanda.yokepost.com/index.php?qa=162738&qa_1=sports-minister-tracey-crouch-resigns-over-betting-crackdown) on behalf of the Supreme Court: "The legalisation of [sports betting](https://myquora.myslns.com/index.php?qa=40511&qa_1=betting-firms-gamble-united-states-after-sports-wager-ruling) gambling needs an important policy choice, but the choice is not ours to make.
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"Congress can [control](https://jimsusefultools.com/index.php/User:DessieDempsey73) [sports betting](https://friendza.enroles.com/read-blog/31642_online-betting-firms-gamble-on-soccer-mad-nigeria.html) straight, however if it elects not to do so, each state is to act upon 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 cost 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 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 brand-new entrants to [sports betting](https://richonline.club/read-blog/4361_for-sports-gambling-to-be-legalised.html).
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The Supreme Court decision strikes down the Professional and Amateur [sports betting](https://doum.cn/read-blog/2062_why-every-cricket-fan-need-to-try-the-all-cricket-id-gaming-platform.html) Protection Act (PASPA) of 1992 that restricted [sports betting](https://wow.t-mobility.co.il/read-blog/25_how-fantasy-betting-app-development-companies-and-sports-developers.html) wagering in most states.
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It is just allowed just a few states, including Nevada, home to Las Vegas, Delaware, Montana and Oregon.
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Neil Wilson, primary market expert at markets.com, stated that William Hill stands to acquire the most following the judgment since it "can present [sports betting](https://cozwo.com/read-blog/8505_for-sports-gambling-to-be-legalised.html) [operations](https://marketchat.in/read-blog/2641_the-history-of-the-nfl-and-how-to-bet-on-it.html) quite [swiftly](https://disgaeawiki.info/index.php/User:ElaneFarfan) from Nevada, where it already runs and has extremely strong market existence".
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He included that the company also has a New Jersey operation "that is primed and [prepared](https://theconnectly.com/read-blog/4455_best-u-s-sports-betting-sites-amp-sportsbooks-for-2024.html) to start taking bets within days".
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Paddy Power Betfair has an existence 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 operates an online gambling establishment and horse race [sports betting](https://forum.webmark.com.tr/index.php?qa=85132&qa_1=things-you-need-to-learn-about-rafting-adventures) organization 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://dev.fleeped.com/read-blog/82_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) ban?
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Published
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4 December 2017
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