From ea9c7d586c770a28d776b9325386f304395411d9 Mon Sep 17 00:00:00 2001 From: felicitasdahms Date: Wed, 8 Jan 2025 21:46:51 +0800 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..c4cc090 --- /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 method for [states-wide](https://sabiile.com/read-blog/2104_the-ins-and-outs-of-betting-on-the-nfl-draft.html) [sports betting](https://collegetalks.site/read-blog/11769_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.html)
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14 May 2018
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The US Supreme Court has actually made a landmark ruling that might allow states across the country to legalise [sports betting](https://wowonder.mitek.com.tr/read-blog/5002_the-ins-and-outs-of-betting-on-the-nfl-draft.html) [wagering](https://social.stssconstruction.com/read-blog/20793_things-you-need-to-know-about-rafting-adventures.html).
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It has actually [endorsed](https://sportify.brandnitions.com/read-blog/39_things-you-need-to-understand-about-rafting-adventures.html) a 2014 state [judgment](https://coptr.digipres.org/index.php/User:Latasha9031) in New Jersey which allows [sports betting](http://wiki.faramirfiction.com/index.php?title=User:LeopoldoJiminez) in casinos and at [horse racing](https://metacouture.co/read-blog/24188_the-ins-and-outs-of-betting-on-the-nfl-draft.html) tracks.
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The court likewise [overruled](https://trackrecord.id/read-blog/1967_enhance-your-business-opportunities-with-efficient-sports-apps.html) a 1992 [federal law](https://cheere.org/read-blog/36290_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) [gambling](https://insta.tel/read-blog/97439_just-how-much-are-americans-investing-in-sports-betting.html).
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The news sent out the share prices of [sports betting](https://social.projectkabahagi.com/read-blog/8087_missouri-sports-betting-ballot-measure-approved-by-voters.html) stocks in the US and UK rising, including Britain's William Hill and [Paddy Power](https://bence.net/read-blog/6381_the-ins-and-outs-of-betting-on-the-nfl-draft.html).
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Several significant US [sports betting](https://afrocinema.org/read-blog/44785_compare-amp-review-oddsjet-de.html) bodies had actually opposed the move, consisting of the National Basketball Association.
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The National Collegiate Athletic Association said it was a threat to the "integrity of athletic competition".
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However, [Justice Samuel](https://app.deepsoul.es/read-blog/390_for-sports-gambling-to-be-legalised.html) [Alito composed](https://squishmallowswiki.com/index.php/User:ConradF444963) on behalf of the [Supreme](https://unitedstatesofbiafra.com/read-blog/62_the-ins-and-outs-of-betting-on-the-nfl-draft.html) Court: "The legalisation of [sports betting](https://www.sportpassionhub.com/read-blog/1492_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) requires an essential policy choice, but the choice is not ours to make.
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"[Congress](https://hcsxy2024.com/read-blog/2038_best-u-s-sports-betting-sites-amp-sportsbooks-for-2024.html) can manage [sports betting](https://devnew.judefly.com/index.php?link1=read-blog&id=3254_best-u-s-sports-betting-sites-amp-sportsbooks-for-2024.html) directly, however 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 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 casinos rose by 5.73%.
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But Wynn Resorts, the Nevada-based hotels and gambling establishment operator, saw its share price fall by 2% on the possibility of competitors from new entrants to [sports betting](https://2flab.com/read-blog/742_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) wagering.
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The Supreme Court choice strikes down the Professional and Amateur [sports betting](https://ozgurtasdemir.net/read-blog/548_how-to-play-bet9ja-online.html) Protection Act (PASPA) of 1992 that forbade [sports betting](https://wooshbit.com/read-blog/18766_how-to-attract-users-to-my-fantasy-sports-platform.html) in the majority of states.
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It is just allowed just a few states, including Nevada, home to Las Vegas, Delaware, Montana and Oregon.
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Neil Wilson, chief market analyst at markets.com, stated that William Hill stands to gain the most following the ruling since it "can roll out [gambling operations](https://www.heesah.com/read-blog/2395_the-ins-and-outs-of-betting-on-the-nfl-draft.html) [pretty swiftly](http://bedfordfalls.live/read-blog/113184_online-betting-firms-gamble-on-soccer-mad-nigeria.html) from Nevada, where it already runs and has really [strong market](https://www.hb9lc.org/wiki/index.php/User:DustinThielen) presence".
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He added that the company also has a New Jersey operation "that is primed and ready to begin taking bets within days".
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Paddy Power Betfair has an existence in the US through TVG, among 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.
[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig) +
Paddy Power Betfair also operates an online casino and horse race wagering business in New Jersey.
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More on this story
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High stakes for fixed-odds [sports betting](https://gazanour.com/read-blog/7866_warner-bros-discovery-sets-stage-for-potential-cable-deal-by.html) makers
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12 May 2018
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Slam dunk for US [sports betting](https://unightlifetalk.site/read-blog/2604_things-you-need-to-understand-about-rafting-adventures.html) restriction?
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Published
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4 December 2017
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