From 9135c0a0289de060ad3360c1593a3fe2ea16a295 Mon Sep 17 00:00:00 2001 From: moselenz63566 Date: Thu, 2 Jan 2025 03:34:37 +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..6a38cd1 --- /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](https://oeclub.org/index.php/User:KatriceLuu27) opens way for [states-wide](https://sportysocialspace.com/read-blog/11989_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) [sports betting](https://moonifie.com/read-blog/1411_how-to-attract-users-to-my-fantasy-sports-platform.html)
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14 May 2018
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The US Supreme Court has actually made a landmark judgment that might permit states across the [country](https://wiki.vifm.info/index.php/User:DorethaPoate01) to legalise [sports betting](https://onetable.world/read-blog/103125_how-much-are-americans-investing-in-sports-betting.html) [wagering](http://www.asystechnik.com/index.php/Benutzer:LesMerriam11762).
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It has actually endorsed a 2014 state judgment in New Jersey which allows [sports betting](https://pittsburghpenguinsclub.com/read-blog/11520_why-every-cricket-fan-ought-to-try-the-all-cricket-id-gaming-platform.html) in gambling establishments and at horse [racing tracks](https://napvibe.com/read-blog/3174_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html).
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The court also struck down a 1992 federal law prohibiting [sports betting](https://pittsburghpenguinsclub.com/read-blog/11546_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) gambling.
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The news sent the share rates of gambling stocks in the US and UK rising, consisting of Britain's William Hill and [Paddy Power](https://valetinowiki.racing/wiki/User:Raymond41Y).
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Several major US [sports betting](https://bigtoc.com/read-blog/8961_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) bodies had opposed the relocation, consisting of the National Basketball [Association](https://jimsusefultools.com/index.php/User:LisaCastanon2).
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The National Collegiate Athletic Association stated it was a threat to the "stability of athletic competition".
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However, [Justice Samuel](https://dev.fleeped.com/read-blog/47_how-much-are-americans-investing-in-sports-betting.html) [Alito wrote](https://thatswhathappened.wiki/index.php/User:DORFletcher) on behalf of the Supreme Court: "The legalisation of [sports betting](https://followmylive.com/read-blog/19561_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) needs a crucial policy option, but the choice is not ours to make.
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"[Congress](https://wiki.ragnaworld.net/index.php?title=User:DONChasity) can [control](https://genzkenya.co.ke/read-blog/96_warner-bros-discovery-sets-stage-for-potential-cable-deal-by.html) [sports betting](https://www.jaitun.com/read-blog/15236_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) gambling directly, but if it elects not to do so, each state is totally free to act on its own."
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Winners and losers
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Shares in UK-based bookmakers got on the ruling. Paddy Power Betfair's share cost rose 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 gambling establishment operator, saw its share rate fall by 2% on the prospect of competitors from brand-new entrants to [sports betting](https://strimsocial.net/read-blog/20091_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) wagering.
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The Supreme Court choice overrules the Professional and Amateur [sports betting](https://hcsxy2024.com/read-blog/2028_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) Protection Act (PASPA) of 1992 that prohibited [sports betting](https://www.contraband.ch/read-blog/41886_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) wagering in most states.
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It is just allowed in just a few 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 acquire the most following the ruling since it "can roll out [sports betting](https://social.midnightdreamsreborns.com/read-blog/13189_the-ins-and-outs-of-betting-on-the-nfl-draft.html) operations pretty quickly from Nevada, where it already runs and has market presence".
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He added that the company 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 greatest online horse racing companies.
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Betfair bought TVG in 2009 for $50m before it went on to combine with Paddy Power.
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Paddy Power Betfair also operates an online gambling establishment and horse race wagering service in New Jersey.
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More on this story
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High stakes for fixed-odds [sports betting](https://online-learning-initiative.org/wiki/index.php/User:RuebenDalley87) makers
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12 May 2018
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Slam dunk for US [sports betting](https://micircle.in/read-blog/536_compare-amp-review-oddsjet-de.html) ban?
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Published
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4 December 2017
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