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<br>US ruling opens way for [states-wide](https://social.updum.com/read-blog/29_score-big-wins-how-sports-betting-software-drives-growth-and-engagement.html) [sports betting](http://www.vmeste-so-vsemi.ru/wiki/%D0%A3%D1%87%D0%B0%D1%81%D1%82%D0%BD%D0%B8%D0%BA:NaomiForde10)<br> |
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<br>14 May 2018<br> |
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<br>The US [Supreme Court](https://mybuddis.com/read-blog/68_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) has actually made a landmark judgment that could allow states across the nation to [legalise](https://customerscomm.com/read-blog/3730_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) [sports betting](https://sotawiki.net/sota/User:DonteSpell90).<br> |
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<br>It has [endorsed](https://peekz.eu/read-blog/251_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) a 2014 state ruling in New Jersey which allows [sports betting](https://origintraffic.com/read-blog/1691_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) in casinos and at horse racing tracks.<br> |
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<br>The court likewise struck down a 1992 federal law banning [sports betting](https://hyped4gamers.com/read-blog/2436_how-to-play-bet9ja-online.html).<br> |
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<br>The news sent out the share costs of gambling stocks in the US and UK rising, consisting of Britain's William Hill and [Paddy Power](https://infosocial.top/read-blog/4002_the-ins-and-outs-of-betting-on-the-nfl-draft.html).<br> |
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<br>Several significant US [sports betting](https://gazanour.com/read-blog/7892_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) bodies had opposed the move, including the [National Basketball](https://theavtar.in/read-blog/30160_the-ins-and-outs-of-betting-on-the-nfl-draft.html) Association.<br> |
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<br>The National Collegiate [Athletic Association](https://droidt99.com/read-blog/8370_exploring-the-sports-betting-industry-putting-ideas-into-practice.html) said it was a hazard to the "integrity of athletic competition".<br>[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG) |
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<br>However, Justice Samuel on behalf of the Supreme Court: "The legalisation of [sports betting](https://terra.planetv.wtf/read-blog/685_.html) gambling needs an essential policy choice, but the choice is not ours to make.<br>[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig) |
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<br>"[Congress](https://heatwave.app/read-blog/400_the-ins-and-outs-of-betting-on-the-nfl-draft.html) can manage [sports betting](http://stotep.com/read-blog/3930_for-sports-gambling-to-be-legalised.html) [gambling](https://www.womplaz.com/read-blog/62_just-how-much-are-americans-spending-on-sports-betting.html) directly, however if it elects not to do so, each state is free to act on its own."<br> |
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<br>Winners and losers<br> |
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<br>Shares in UK-based bookmakers got on the ruling. Paddy Power Betfair's share cost increased 10.5%, 888 Holdings jumped 14%, William Hill's stock acquired 9.4% and GVC Holdings rallied 6%.<br> |
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<br>In the US, shares in Churchill Downs, which owns horse race tracks and gambling establishments rose by 5.73%.<br> |
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<br>But Wynn Resorts, the Nevada-based hotels and gambling establishment operator, saw its share price fall by 2% on the possibility of competition from new entrants to [sports betting](https://d9talks.site/read-blog/1191_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) wagering.<br>[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG) |
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<br>The Supreme Court choice strikes down the Professional and Amateur [sports betting](https://onetable.world/read-blog/103196_online-betting-firms-gamble-on-soccer-mad-nigeria.html) Protection Act (PASPA) of 1992 that forbade [sports betting](https://www.jaitun.com/read-blog/15202_warner-bros-discovery-sets-stage-for-potential-cable-deal-by.html) in most states.<br> |
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<br>It is only allowed just a couple of states, including Nevada, home to Las Vegas, Delaware, Montana and Oregon.<br> |
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<br>Neil Wilson, chief market expert at markets.com, said that William Hill stands to acquire the most following the judgment because it "can roll out [sports betting](https://social.engagepure.com/read-blog/782_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) operations pretty promptly from Nevada, where it already runs and has really strong market existence".<br> |
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<br>He included that the business also has a New Jersey operation "that is primed and ready to begin taking bets within days".<br> |
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<br>Paddy Power Betfair has a presence in the US through TVG, one of the country's biggest online horse racing organizations.<br> |
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<br>Betfair bought TVG in 2009 for $50m before it went on to combine with Paddy Power.<br> |
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<br>Paddy Power Betfair also operates an online casino and horse race [sports betting](https://www.voip-info.jp/index.php/%E5%88%A9%E7%94%A8%E8%80%85:MelvaHamer84709) company in New Jersey.<br> |
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<br>More on this story<br> |
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<br>High stakes for fixed-odds [sports betting](https://mensaceuta.com/read-blog/8954_for-sports-gambling-to-be-legalised.html) machines<br> |
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<br>12 May 2018<br> |
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<br>Slam dunk for US [sports betting](https://jimsusefultools.com/index.php/User:Savannah4316) ban?<br> |
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<br>Published<br> |
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<br>4 December 2017<br> |
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