US Ruling Opens Way For States-wide Sports Betting (#3) · Issues · Kellee Lorenzini / bet9ja-promotion-code-yohaig

US Ruling Opens Way For States-wide Sports Betting

US ruling opens way for states-wide sports betting
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14 May 2018
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The US Supreme Court has actually made a landmark ruling that could allow states across the country to legalise sports betting wagering.

It has backed a 2014 state ruling in New Jersey which allows sports betting wagering in gambling establishments and at horse racing tracks.

The court also struck down a 1992 federal law gaming.

The news sent the share prices of gambling stocks in the US and UK rising, consisting of Britain's William Hill and Paddy Power.

Several significant US sports betting bodies had opposed the move, including the National Basketball Association.

The National Collegiate Athletic Association stated it was a threat to the "stability of athletic competition".
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However, Justice Samuel Alito composed on behalf of the Supreme Court: "The legalisation of sports betting gambling requires a crucial policy option, however the choice is not ours to make.
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"Congress can regulate sports betting gambling straight, but if it elects not to do so, each state is complimentary to act upon its own."

Winners and losers

Shares in UK-based bookmakers got on the ruling. Paddy Power Betfair's share rate 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%.

But Wynn Resorts, the Nevada-based hotels and gambling establishment operator, saw its share cost fall by 2% on the prospect of competitors from brand-new entrants to sports betting wagering.

The Supreme Court decision overrules the Professional and Amateur sports betting Protection Act (PASPA) of 1992 that prohibited sports betting in the majority of states.

It is only permitted in just a few states, consisting of Nevada, home to Las Vegas, Delaware, Montana and Oregon.

Neil Wilson, primary market expert at markets.com, stated that William Hill stands to acquire the most following the ruling because it "can present gambling operations quite promptly from Nevada, where it currently operates and has extremely strong market existence".

He added that the business likewise has a New Jersey operation "that is primed and ready to start taking bets within days".

Paddy Power Betfair has a presence in the US through TVG, among the country's biggest online horse racing businesses.

Betfair bought TVG in 2009 for $50m before it went on to merge with Paddy Power.

Paddy Power Betfair also runs an online gambling establishment and horse race sports betting company in New Jersey.

More on this story

High stakes for fixed-odds sports betting machines

12 May 2018

Slam dunk for US sports betting wagering restriction?

Published

4 December 2017
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 14 May 2018 [bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
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 About sharing 
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 Winners and losers 
 Shares in UK-based bookmakers got on the ruling. Paddy Power Betfair's share rate rose 10.5%, 888 Holdings jumped 14%, William Hill's stock got 9.4% and GVC Holdings rallied 6%. [bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
 In the US, shares in Churchill Downs, which owns horse race tracks and casinos rose by 5.73%. 
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 It is only permitted in just a few states, consisting of Nevada, home to Las Vegas, Delaware, Montana and Oregon. 
 Neil Wilson, primary market expert at markets.com, stated that William Hill stands to acquire the most following the ruling because it "can present gambling operations quite promptly from Nevada, where it currently operates and has extremely strong market existence". 
 He added that the business likewise has a New Jersey operation "that is primed and ready to start taking bets within days". 
 Paddy Power Betfair has a presence in the US through TVG, among the country's biggest online horse racing businesses. 
 Betfair bought TVG in 2009 for $50m before it went on to merge with Paddy Power. 
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 More on this story 
 High stakes for fixed-odds [sports betting](https://2flab.com/read-blog/656_how-to-play-bet9ja-online.html) machines 
 12 May 2018 
 Slam dunk for US [sports betting](http://it-viking.ch/index.php/User:MaudeStanford27) wagering restriction? 
 Published 
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