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The NBA Supports Legalization of Sports Betting
The NBA Supports Legalization of Sports Betting

The NBA Supports Legalization of Sports Betting

25.01.2018 19:48
NBA Publicly Supports Sports BettingThe NBA has expressed their support for the legalization of sports betting in New York State and suggested the example to be taken as a model for sports betting all around the USA.
Daniel Spillane, NBA Senior Vice President and Assistant General Counsel wrote and sent a testimony to the New York State Senate Standing Committee that stated: “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." 
NBA highlights that the gaming operators must report unusual betting activities and also that the betting data should be centralized in one place so as “to facilitate monitoring of bets across operators and jurisdictions". 
The operators that are going to offer the sports betting would have to pay an obligatory 1% of the total bet in each game sporting league and that money will be planned for and spent on compliance, monitoring, enforcement, education and investigation, all in order to improve and make safer the sports betting throughout the states.
The sports leagues will be able to restrict the wagering on their own events and will be able to offer a licensing program, age restrictions, advertising restrictions, self-exclusion programmers and a lot more just to be able to help the problem gamblers that will come in line.
The final statement NBA gave was that the legislation covering the sports betting should include authorization of sports betting all over the states and include the mobile platforms. All with the goal to discourage bettors from gambling illegally through offshore websites.
The Sporting leagues were key in the passing of the Act in 1992 for Professional and Amateur Sports Protection, however, in recent years, the leagues themselves split their opinions regarding sports betting. The NBA Commissioner, Adam Silver, in November 2014 wrote an op-ed for New York Times where he clearly predicted that sports betting will eventually be legalized.
Since that moment, NBA’s opinion has changed and differs from the ones of the National Football League and the National Hockey League, as they have both supported retaining PASPA.
Spillane also added: “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.” 
At the hearing, there were other witnesses, including New York Racing Association, New York Thoroughbred Horsemen Association, New York Thoroughbred Breeders Inc, New York State Gaming Association and the New York Council on Problem Gambling representatives. Also, executives from Sportradar, Rush Street Interactive, Tioga Downs Casino Resort and William Hill US were there to represent the gambling industry.
The President of the American Gaming Association, Geoff Freeman responded to the testimony and issued a statement that was not supporting the 1% levy: “We are pleased that the National Basketball Association (NBA) today joined with the gaming industry in support of vigorously regulated sports wagering. 

"We can all agree that the 25-year ban on sports wagering has been a failure in every regard. 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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MayFlower 26.01.2018 05:12
Makes me want to be a bigger sports fan. ;)
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