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NBA on Sports Betting: Legalize It, Give Us a Cut

NBA on Sports Betting: Legalize It, Give Us a Cut
(George Tsartsianidis/Dreamstime.com)

By    |   Thursday, 25 January 2018 03:35 PM

The NBA says that when it comes to sports betting, it wants to legalize it and get a cut of the action, according to ESPN.

NBA attorney Dan Spillane told a New York State Senate committee Wednesday that the NBA would be willing to become a partner in the multibillion-dollar sports gambling industry, possibly bringing a sizable windfall to the league, the sports network said.

In the NBA proposal, the league would receive 1 percent of every bet made on its games along with other regulations, ESPN said. The league advocated for more gambling access for its fan base, allowing for bets to be placed away from casinos and racetracks, like smartphones and kiosks, the network wrote.

"We have studied these issues at length," Spillane said in his statement to lawmakers, according to ESPN. "Our conclusion is that the time has come for a different approach that gives sports fans a safe and legal way to wager on sporting events while protecting the integrity of the underlying competitions."

Spillane's testimony in front of the New York's State Senate Committee on Racing, Gaming and Wagering in Albany comes as the U.S. Supreme Court is contemplating a New Jersey case challenging a 1992 federal ban on sports betting in all but Delaware, Montana, Nevada, and Oregon, the New York Daily News reported.

Professional sports leagues have fought against legalized sports betting for years, but the NBA now says that its position has "evolved," the newspaper wrote. The Daily News said that 18 states will introduce bills to regulate the gambling this year.

"States like New York and others have reacted by moving forward to discuss and advance new laws that could immediately thereafter permit legal sports betting," Spillane told the committee, ESPN reported. "We cannot sit on the sidelines while this activity is occurring."

The NBA proposal would allow detection of shady sports betting activity, give leagues the right to restrict betting on their own events, and have consumer protection requirements that require the use of league data by betting operators, the Daily News said.

Geoff Freeman, president of the American Gaming Association, though, pushed back against the NBA wanting a cut of the betting.

"We can all agree that the 25-year ban on sports wagering has been a failure in every regard," Freeman told the Daily News. "Now, let's get real about eliminating the illegal market, protecting consumers and determining the role of government — a role that most certainly does not include transferring money from bettors to multi-billion dollar sports leagues."

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The NBA outlined a plan that would legalize sports gambling and make the league a partner that could possibly draw a sizable windfall from the industry.
nba, sports, betting legalize
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2018-35-25
Thursday, 25 January 2018 03:35 PM
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