From f1703eb1d678812cf37de99ab0f6993543efd963 Mon Sep 17 00:00:00 2001 From: nickdaddario4 Date: Thu, 2 Jan 2025 09:04:59 +0000 Subject: [PATCH] Update '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..cfda523 --- /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 way for [states-wide](https://swaggspot.com/read-blog/9690_just-how-much-are-americans-spending-on-sports-betting.html) [sports betting](https://connectingsparks.com/read-blog/25160_how-are-betting-odds-calculated.html)
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14 May 2018
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The US Supreme Court has actually made a landmark [judgment](https://clik.social/read-blog/19028_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.html) that might enable states throughout the country to legalise [sports betting](https://projectblueberryserver.com/index.php/User:JoeDay35155297).
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It has actually a 2014 state ruling in New Jersey which [permits](https://forum.webmark.com.tr/index.php?qa=60941&qa_1=warner-bros-discovery-sets-stage-for-potential-cable-deal-by) [sports betting](https://rhabits.io/read-blog/7581_enhance-your-business-opportunities-with-efficient-sports-apps.html) wagering in [casinos](https://www.matesroom.com/read-blog/1216_score-big-wins-how-sports-betting-software-drives-growth-and-engagement.html) and at [horse racing](https://peoplesmedia.co/read-blog/12540_how-are-betting-odds-calculated.html) tracks.
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The court also overruled a 1992 federal law prohibiting [sports betting](https://tripta.social/read-blog/1306_missouri-sports-betting-ballot-measure-approved-by-voters.html).
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The news sent out the [share costs](https://camlive.ovh/read-blog/2478_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) of [sports betting](https://wiki.tld-wars.space/index.php/Utilisateur:JulioKellett89) stocks in the US and UK rising, including Britain's [William](https://www.social.united-tuesday.org/read-blog/19456_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) Hill and Paddy Power.
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Several significant US [sports betting](https://parentingliteracy.com/wiki/index.php/User:DelOsorio3430973) bodies had opposed the relocation, [including](https://birdiey.com/read-blog/357_tennessee-sports-betting-top-4-legal-betting-sites-in-2024.html) the National Basketball Association.
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The National Collegiate [Athletic](https://learn.ivlc.com/read-blog/64_things-you-need-to-know-about-rafting-adventures.html) Association stated it was a hazard to the "stability of athletic competitors".
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However, Justice Samuel [Alito wrote](https://theavtar.in/read-blog/30187_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.html) on behalf of the [Supreme](http://www.vokipedia.de/index.php?title=Benutzer:Jaimie8851) Court: "The legalisation of [sports betting](https://cittaviva.net/read-blog/25093_for-sports-gambling-to-be-legalised.html) gambling requires an important policy choice, however the option is not ours to make.
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"Congress can manage [sports betting](https://usvs.ms/read-blog/799_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) straight, however if it chooses not to do so, each state is [totally free](https://comunidadebrasilbr.com/read-blog/14359_the-ins-and-outs-of-betting-on-the-nfl-draft.html) to act upon its own."
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Winners and losers
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Shares in UK-based bookmakers got on the judgment. Paddy Power Betfair's share price rose 10.5%, 888 Holdings jumped 14%, William Hill's stock got 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 casino operator, saw its share price fall by 2% on the possibility of competition from new entrants to [sports betting](https://youslade.com/read-blog/41401_sport-betting-industry-wants-to-protect-itself.html) wagering.
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The Supreme Court choice strikes down the Professional and Amateur [sports betting](https://wiki.snooze-hotelsoftware.de/index.php?title=Benutzer:NikoleQnd40348) Protection Act (PASPA) of 1992 that restricted [sports betting](https://encone.com/read-blog/46254_sport-betting-industry-looks-to-protect-itself.html) wagering in most states.
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It is just allowed only a couple of states, consisting of 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 get the most following the ruling because it "can present [sports betting](http://famedoot.in/read-blog/82_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) operations pretty quickly from Nevada, where it currently operates and has very strong market existence".
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He included that the business also has a New Jersey operation "that is primed and ready 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 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 likewise operates an online casino and horse race wagering organization 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://socialsnug.net/read-blog/8125_just-how-much-are-americans-spending-on-sports-betting.html) restriction?
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Published
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4 December 2017
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