Betting: everything you need to know about the New Jersey Supreme Court betting case – tech2.org

Betting: everything you need to know about the New Jersey Supreme Court betting case



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Most estimates are in the hundreds of billions of dollars, but no one knows for sure how much money Americans bet on sports every year. Whatever the amount, it is enough to fuel the mbadive offshore betting industry consisting of hundreds of online betting houses. It is also big enough to draw the attention of states with liquidity problems and sports leagues dependent on rankings that now seem more receptive to betting.

The American Gaming Association calculates that $ 150 billion in sports are bet every year. Professional gamblers say it is too high. Professional bookmakers say that it is very low. The $ 150 billion mark should be a good line.

"I would bet more than $ 150 billion before I bet," veteran sports betting operator Scott Kaminsky of TheGreek.com wrote in an email to ESPN.

On Monday, the Supreme Court of the USA. UU You will hear a case that will not only determine the future of US sports betting, but also begin to divide a market that experts say could be worth as much as $ 5.8 billion in annual revenue. The case focuses on the federal ban on legal sports betting, the Professional Sports Protection and Amateurs Act of 1992 (PASPA) and confronts New Jersey Governor Chris Christie against the NCAA, NFL, NBA, NHL and Major League Baseball. Former US Attorney General Ted Olson will represent New Jersey, while Paul Clement will defend the sports leagues.

Verbal arguments will be developed from 10 a.m. to 11 a.m. ET on Monday. A decision is anticipated by the end of June.

This is what you need to know to enter the case.


Possible results

  • The Supreme Court could completely nullify the federal ban on sports betting (PASPA). open it to the states to make a decision on whether to offer it and how to regulate it.

  • The Supreme Court could maintain the federal prohibition (PASPA) but rule that the 2014 New Jersey law, which repealed many of the state's prohibitions on sports betting, complies with PASPA. This would leave New Jersey, for the time being, with a pseudo-East Coast monopoly on one-game sports betting.

  • The Supreme Court could affirm the constitutionality of the federal prohibition, maintaining the status quo. "I do not think they will accept the case if they just claim PASPA," said Marc Dunbar, a Florida attorney with Jones Walker LLP who has closely followed the case.

The above scenarios are the most common predictions, but many legal experts, including Dunbar, expect a narrow and nuanced judgment.


Where are the sports leagues?

Dozens of states, professional sports leagues, international gaming companies and members of Congress are not waiting for the Supreme Court to govern. Instead, they are taking steps to get out of the decision and be prepared for a variety of outcomes.

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NBA

The NBA has badumed a leadership role in the subject. Commissioner Adam Silver started the conversation with an opinion piece in The New York Times in November 2014. Silver asked Congress to create a federal framework and allow states the option of offering legal sports betting.

The NBA remains a plaintiff in the case against New Jersey because it prefers a federal solution to regulate sports betting on a state-by-state approach.

Dan Spillane, senior vice president and badistant general counsel for the NBA, said at a November conference in Washington, organized by Sportradar, that the league has been discussing possible avenues with advisors in DC and working on a draft of a possible federal framework. The NBA believes that any federal framework should include a voluntary opt-out option for any sports league or states that do not want sports bets, in addition to basic integrity measures such as information exchange protocols and consumer protections.

"A federal framework is easier, and that is the opportunity at this moment, to put in place a federal framework before everything starts to work gradually," Spillane said in the "Future of Sports Gambling in the United States "of Sportradar. conference in November at the Russell Senate office building. "We have not been knocking on doors in this building, but we are working with people here in the city, making sure we are ready to participate in discussions when they start to get serious."

NFL

The NFL has strongly opposed the expansion of legal sports betting for decades over concerns that it would threaten the integrity of the games. However, Commissioner Roger Goodell has acknowledged that regulatory oversight of Nevada could be beneficial with respect to the relocation of the Oakland Raiders in Las Vegas. The Raiders are expected to arrive in Sin City by 2020.

The NFL did not return several emails asking about the league's current position in the expansion of legal sports betting.

MLB

Major League Baseball has begun to align with the NBA position, with commissioner Rob Manfred initially saying that the issue of legalizing sports betting needs further consideration.

"If there is going to be a change in the regulatory structure with respect to sports gaming, we need to be in a position to meaningfully engage and shape, try to shape, what the new regulatory scheme looks like" Manfred told the Baseball Writers Association of America in July. "We are in the process of talking to our owners and discovering where we want to be in case there is a significant change."

At the end of September, Major League executives were in Las Vegas. to meet with sports betting operators to learn how the industry works.

NHL

The NHL is also feeling more comfortable with regulated sports betting, choosing this summer not to apply for a ban on betting on its new Nevada Franchise, Vegas Golden Knights. The mobile sports betting applications offered by most of Nevada's betting houses are accessible within T-Mobile Arena, where the Golden Knights play their home games.

At the same time, the NHL is still a plaintiff against New Jersey and has denounced irreparable damage that the league would suffer if legal sports bets were to expand.

"[N] The new Jersey sports betting scheme threatens serious and irreparable harm to the NHL, a damage that can not be remedied or offset by any monetary damages," NHL commissioner Gary Bettman wrote in a legal presentation in the case on August 9, 2012.

NCAA

The NCAA is not actively working on the issue in Washington, according to a spokesperson. However, the Division I Athletic Directors Association held a panel on sports betting at its annual meeting in late September in an effort to educate its members about a subject that is still considered a taboo in college sports.

Multiple sources connected with the case said that all professional sports leagues are being educated in matters surrounding legal bets and are preparing contingency plans if the Supreme Court defeats PASPA.

Professional sports leagues have partnered with European sports data companies that offer information to bookmakers around the world. The NBA, which now openly supports the expansion of legal sports betting with a federal framework, has worked with consultants based in Las Vegas for decades, and even the NFL has hired services to monitor unusual betting patterns in the past.

"People are kidding if they think that [the leagues] has any motivation other than money," play attorney Kate C. Lowenhar-Fisher said in a recent telephone interview. "There are none".


Possible decision days

The Supreme Court does not disclose the dates on which the decisions on individual cases will be issued, but it establishes a series of dates during the term when the resolutions will be announced. Legal experts believe that later in the calendar is more likely than before for the launch of the sports betting decision. Possible decision dates include:

Dec. eleven;
Jan. 22;
March 5;
April 2 and 30;
May 14, 21 and 29;
June 4, 11, 18 and 29


Regardless of the ruling of the Supreme Court, a push to compel Congress to act on sports betting is expected to continue. In some cases, it has already begun, and with bipartisan support.

Rep. Frank Pallone Jr., a New Jersey Democrat and a member of the Energy and Commerce Committee of the House of Representatives, has published a bill, the GAME Act, which aims to repeal PASPA and harmonize national gambling laws.

Republican congressmen Doug Collins of Georgia and Matt Gaetz of Florida have also requested hearings on PASPA. "The fight to legalize sports betting is bipartisan," Rep. Josh Gotteheimer, Democrat of New Jersey, said in November. "Let's do this".

"It's not a matter of time, it's not about when this will happen," added Washington Wizards owner Ted Leonsis. "Here it is inevitable that we continue with the game as part of the overall sports landscape."

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