commit a03a8592640b1376df0f428595801a0baf2afa9e Author: ezramcfall740 Date: Sat Jan 4 00:25:23 2025 +0000 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..11640bc --- /dev/null +++ b/US Ruling Opens Way For States-wide Sports Betting.-.md @@ -0,0 +1,32 @@ +[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG)
US ruling opens method for states-wide [sports betting](https://ifriendz.xyz/read-blog/87_things-you-need-to-understand-about-rafting-adventures.html) wagering
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14 May 2018
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The US Supreme Court has made a landmark ruling that might allow states throughout the country to legalise [sports betting](https://mgnm.uk/read-blog/3115_exploring-the-sports-betting-industry-putting-ideas-into-practice.html).
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It has backed a 2014 state ruling in New Jersey which permits [sports betting](https://swaggspot.com/read-blog/9698_sport-betting-industry-seeks-to-protect-itself.html) wagering in [gambling establishments](https://followmylive.com/read-blog/21966_warner-bros-discovery-sets-stage-for-potential-cable-deal-by.html) and at [horse racing](https://peoplesmedia.co/read-blog/13130_the-ins-and-outs-of-betting-on-the-nfl-draft.html) tracks.
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The court likewise overruled a 1992 federal law prohibiting [sports betting](https://cosplaybook.de/read-blog/7040_how-are-betting-odds-calculated.html).
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The news sent out the share rates of [sports betting](https://cosplaybook.de/read-blog/7040_how-are-betting-odds-calculated.html) stocks in the US and UK rising, including Britain's [William Hill](https://sahabatcasn.com/read-blog/208_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) and Paddy Power.
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Several significant US [sports betting](https://naijamatta.com/read-blog/35013_things-you-need-to-learn-about-rafting-adventures.html) bodies had [opposed](https://social.updum.com/read-blog/228_exploring-the-sports-betting-industry-putting-ideas-into-practice.html) the move, consisting of the National Basketball Association.
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The National Collegiate [Association](https://krazzykross.com/read-blog/1504_sport-betting-industry-aims-to-protect-itself.html) said it was a threat to the "integrity of athletic competitors".
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However, Justice Samuel Alito composed on behalf of the Supreme Court: "The legalisation of [sports betting](https://www.yewiki.org/User:MickeyPotts1360) gambling needs an important policy choice, but the choice is not ours to make.
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"Congress can regulate [sports betting](https://drapia.org/11-WIKI/index.php/User:CorineJenkin) straight, however if it chooses not to do so, each state is [complimentary](https://wiki.fablabbcn.org/User:KatrinBaile) to act upon its own."
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Winners and losers
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Shares in UK-based bookmakers jumped on the judgment. Paddy Power Betfair's share cost rose 10.5%, 888 Holdings leapt 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 casinos rose by 5.73%.
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But Wynn Resorts, the Nevada-based hotels and casino operator, saw its share cost fall by 2% on the possibility of competition from new entrants to [sports betting](https://surgiteams.com/index.php/User:KOWNatisha).
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The Supreme Court choice overrules the Professional and Amateur [sports betting](http://kitsap.whigdev.com/read-blog/3097_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) Protection Act (PASPA) of 1992 that restricted [sports betting](http://video.firstkick.live/read-blog/4619_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) wagering in a lot of states.
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It is only allowed 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 get the most following the ruling since it "can roll out [sports betting](https://social.oneworldonesai.com/read-blog/1700_the-ins-and-outs-of-betting-on-the-nfl-draft.html) operations quite quickly from Nevada, where it already runs and has extremely strong market presence".
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He included that the company likewise 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, among the nation's most significant 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 likewise operates an online casino and horse race [sports betting](https://www.drawlfest.com/read-blog/13678_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.html) company in New Jersey.
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More on this story
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High stakes for fixed-odds [sports betting](https://skylockr.app/read-blog/220_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) machines
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12 May 2018
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Slam dunk for US [sports betting](https://devnew.judefly.com/index.php?link1=read-blog&id=3252_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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