From 0b19180c29d59b355d6e8a5da010eb6e66a2847d Mon Sep 17 00:00:00 2001 From: sanora2963517 Date: Thu, 2 Jan 2025 01:21:53 +0000 Subject: [PATCH] Add '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..1980452 --- /dev/null +++ b/US-Ruling-Opens-Way-For-States-wide-Sports-Betting.md @@ -0,0 +1,32 @@ +
US ruling opens way for [states-wide](http://kitsap.whigdev.com/read-blog/3114_missouri-sports-betting-ballot-measure-approved-by-voters.html) [sports betting](https://app.galaxiesunion.com/read-blog/14275_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 actually made a landmark ruling that might enable states throughout the country to legalise [sports betting](https://globalabout.com/read-blog/17008_score-big-wins-how-sports-betting-software-drives-growth-and-engagement.html) [wagering](http://milkywaystars.site/read-blog/3036_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html).
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It has actually backed a 2014 state [judgment](http://www.vmeste-so-vsemi.ru/wiki/%D0%A3%D1%87%D0%B0%D1%81%D1%82%D0%BD%D0%B8%D0%BA:EloyMcKelvey3) in New Jersey which permits [sports betting](https://blablasell.com/read-blog/11943_things-you-need-to-learn-about-rafting-adventures.html) wagering in [casinos](http://www.mizmiz.de/read-blog/83256_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) and at [horse racing](https://origintraffic.com/read-blog/1656_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) tracks.
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The court likewise struck down a 1992 federal law banning [sports betting](https://palkwall.com/read-blog/27730_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html).
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The news sent the share rates of [gambling](http://1600-6765.com/board_fyUJ95/176173) stocks in the US and UK surging, including Britain's [William](https://social.midnightdreamsreborns.com/read-blog/13189_the-ins-and-outs-of-betting-on-the-nfl-draft.html) Hill and .
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Several significant US [sports betting](https://energypowerworld.co.uk/read-blog/144383_the-ins-and-outs-of-betting-on-the-nfl-draft.html) bodies had opposed the relocation, [consisting](https://ca.viquiblo.org/index.php/Usuari:BVWUlrike72776) of the National Basketball Association.
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The National Collegiate [Athletic Association](https://sportysocialspace.com/read-blog/12009_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) said it was a risk to the "integrity of athletic competitors".
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However, [Justice Samuel](http://it-viking.ch/index.php/User:RoxieRosenberg2) Alito wrote on behalf of the Supreme Court: "The legalisation of [sports betting](http://yijichain.com/read-blog/15123_enhance-your-business-opportunities-with-efficient-sports-apps.html) needs a crucial policy choice, but the option is not ours to make.
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"Congress can manage [sports betting](http://it-viking.ch/index.php/User:KDVSilke9983) straight, but if it chooses not to do so, each state is complimentary to act on its own."
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Winners and losers
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Shares in UK-based bookies jumped 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 increased 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 possibility of competitors from brand-new entrants to [sports betting](https://origintraffic.com/read-blog/1656_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) wagering.
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The Supreme Court choice overrules the Professional and Amateur [sports betting](https://ask.onekeeitsolutions.com/index.php?qa=102864&qa_1=for-sports-gambling-to-be-legalised) Protection Act (PASPA) of 1992 that restricted [sports betting](https://stadtbahn-bi.wiki/wiki/Benutzer:KamBurford62) in most states.
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It is only allowed in just a couple of states, including Nevada, home to Las Vegas, Delaware, Montana and Oregon.
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Neil Wilson, primary market analyst at markets.com, said that William Hill stands to gain the most following the judgment due to the fact that it "can present [sports betting](https://peoplesmedia.co/read-blog/13112_for-sports-gambling-to-be-legalised.html) operations pretty promptly from Nevada, where it currently operates and has [extremely strong](https://forum.subchems.com/read-blog/3829_things-you-need-to-understand-about-rafting-adventures.html) market existence".
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He included that the business 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 country's greatest online horse racing organizations.
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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 runs an online gambling establishment and horse race [sports betting](http://ringturbine.com:80/index.php/User:BeatrizWolken) company in New Jersey.
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More on this story
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High stakes for fixed-odds [sports betting](https://ask.onekeeitsolutions.com/index.php?qa=86524&qa_1=begin-winning-with-pcg-college-football-picks) machines
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12 May 2018
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Slam dunk for US [sports betting](https://social.ishare.la/read-blog/1446_for-sports-gambling-to-be-legalised.html) wagering ban?
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Published
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4 December 2017
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