commit 50ef834ef9b9c8ac095eeda3fa43493c719d0dd0 Author: beatrizsearle Date: Thu Jan 2 09:47:14 2025 +0800 Add 'US Ruling Opens Way For States-wide Sports Betting' 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..1730937 --- /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 judgment opens way for [states-wide](https://wiki.vst.hs-furtwangen.de/wiki/User:VedaFaircloth79) [sports betting](https://dev.fleeped.com/read-blog/82_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html)
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14 May 2018
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The US Supreme Court has made a landmark ruling that could permit states throughout the nation to legalise [sports betting](https://social.ppmandi.com/read-blog/244_how-to-play-bet9ja-online.html) wagering.
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It has backed a 2014 state ruling in New Jersey which [permits](https://noaisocial.pro/read-blog/2371_missouri-sports-betting-ballot-measure-approved-by-voters.html) [sports betting](https://genzkenya.co.ke/read-blog/104_sport-betting-industry-looks-to-protect-itself.html) in casinos and at horse racing tracks.
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The court likewise [overruled](https://firstamendment.tv/read-blog/76072_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) a 1992 federal law prohibiting [sports betting](https://drapia.org/11-WIKI/index.php/User:HeidiDymock47).
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The news sent the [share rates](https://sfqatest.sociofans.com/read-blog/647_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) of [gambling stocks](https://followmylive.com/read-blog/21881_best-u-s-sports-betting-sites-amp-sportsbooks-for-2024.html) in the US and UK rising, consisting of Hill and [Paddy Power](https://richonline.club/read-blog/3451_how-much-are-americans-spending-on-sports-betting.html).
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Several major US [sports betting](https://palkwall.com/read-blog/27730_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) bodies had actually opposed the relocation, including the National Basketball Association.
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The National Collegiate Athletic [Association stated](https://social.ishare.la/read-blog/1411_how-much-are-americans-investing-in-sports-betting.html) it was a threat to the "integrity of athletic competitors".
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However, [Justice Samuel](https://camlive.ovh/read-blog/2360_for-sports-gambling-to-be-legalised.html) Alito [composed](http://touringtreffen.nl/read-blog/2429_the-history-of-the-nfl-and-how-to-bank-on-it.html) on behalf of the Supreme Court: "The legalisation of [sports betting](https://social.myschoolfriend.ng/read-blog/40810_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) gambling requires a crucial policy option, however the option is not ours to make.
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"[Congress](https://thefreedommovement.ca/read-blog/19389_sport-betting-industry-looks-to-protect-itself.html) can [regulate](https://accc.rcec.sinica.edu.tw/mediawiki/index.php?title=User:ReinaYancey) [sports betting](https://pittsburghtribune.org/read-blog/132026_sport-betting-industry-wants-to-protect-itself.html) directly, but if it elects 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 bookies jumped on the judgment. Paddy Power Betfair's share price rose 10.5%, 888 Holdings jumped 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 new entrants to [sports betting](https://islider.ru/read-blog/37656_the-ins-and-outs-of-betting-on-the-nfl-draft.html) wagering.
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The Supreme Court choice strikes down the Professional and Amateur [sports betting](https://jimsusefultools.com/index.php/User:MarianneYard) Protection Act (PASPA) of 1992 that forbade [sports betting](https://tygerspace.com/read-blog/457_warner-bros-discovery-sets-stage-for-potential-cable-deal-by.html) in the majority of states.
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It is only 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, stated that William Hill stands to get the most following the ruling due to the fact that it "can roll out [sports betting](https://catvcommunity.com.tr/read-blog/4477_things-you-need-to-learn-about-rafting-adventures.html) [operations](https://www.ayuujk.com/read-blog/93_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) quite [swiftly](https://social.sktorrent.eu/read-blog/8783_things-you-need-to-learn-about-rafting-adventures.html) from Nevada, where it already runs and has very strong market presence".
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He included that the company also has a New Jersey operation "that is primed and [prepared](https://social.mirrororg.com/read-blog/7694_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.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 most significant online horse racing companies.
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Betfair bought 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://bigtoc.com/read-blog/8969_sport-betting-industry-seeks-to-protect-itself.html) company in New Jersey.
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More on this story
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High stakes for fixed-odds wagering makers
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12 May 2018
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Slam dunk for US [sports betting](https://grade1d.smaportal.ae/read-blog/2438_best-u-s-sports-betting-sites-amp-sportsbooks-for-2024.html) wagering ban?
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Published
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4 December 2017
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