NBA Goes One Further With US Legalized Sports Betting

Published Thursday, January 25, 2018 - Online-Casinos.com
NBA Goes One Further With US Legalized Sports Betting

The big upcoming issue in the USA online gambling industry is the legalization of betting on sports and there are some heavy hitters chiming in on the subject. News sources from every corner of the USA have been telling us about the National Basketball League’s backing of the proposed legalizing of sports betting nationwide. This is an argument the public has heard of before and now as the Supreme Courts’s decision comes near the big league executives are making louder noises.

There are many jurisdictions in the USA that have or are legalizing online gambling indicating that there is the possibility that online sports betting may eventually come to America.

Recently executives from the National Basketball Association (NBA) outlined their vision for legalised sports betting in New York State using it as a model for sports betting across the whole of the country.  
NBA Senior Vice President and Assistant General Counsel Daniel Spillane said recently in a written testimony to the New York State Senate Standing Committee on Racing, Gaming and Wagering,  “We support the passage of a comprehensive sports betting bill that would serve as a model for a 50-state solution—whether that happens in Congress or on a state-by-state basis."
Spillane also said, “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.”
 A sticky point in the proposal that has caused some concerns is the requirement that operators pay each sporting league 1% of the total amount bet on each of its games. The money would be invested in compliance, enforcement, monitoring, investigations and education.

 American Gaming Association President Geoff Freeman responded a statement in which he was less than supportive of a 1% levy on sports betting: “We are pleased that the National Basketball Association (NBA) today joined with the gaming industry in support of vigorously regulated sports wagering.“

 

 

Related news

Return to Latest News