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WOW! I never thought I would see this


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#1 papasmurfbell

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Posted 07 September 2014 - 04:17 PM

http://espn.go.com/e...ory?id=11466692

 
Adam Silver: Betting is 'inevitable'

NBA commissioner Adam Silver believes expanded legalized sports betting in the United States is "inevitable," and the league is open to participating in it.

Speaking at the Bloomberg Sports Business Summit on Thursday in New York, Silver said that he understood that cash-strapped states will pursue legalized sports betting and that the NBA can benefit from it.

"It's inevitable that, if all these states are broke, that there will be legalized sports betting in more states than Nevada," Silver said, perBloomberg.com. "We will ultimately participate in that."

It's a change in tune for the NBA, which in 2012 joined the NCAA, NFL, MLB and NHL in suing New Jersey over its efforts to bring legalized sports betting to its casinos and race tracks. During deposition testimony in the New Jersey case, former NBA commissioner David Stern scolded Gov. Chris Christie for his efforts.

"The one thing I'm certain of is New Jersey has no idea what it's doing and doesn't care because all it's interested in is making a buck or two," Stern said in November 2012, according to court documents. "They don't care that it's at our potential loss."

The sports leagues, which were joined by the Department of Justice, ultimately prevailed over New Jersey with a majority decision by the Third Circuit Court of Appeals. New Jersey, however, is continuing its pursuit of sports betting.

Stern retired in February, giving way to Silver and his openness to sports betting.

"If you have a gentleman's bet or a small wager on any kind of sports contest, it makes you that much more engaged in it," Silver said. "That's where we're going to see it pay dividends. If people are watching a game and clicking to bet on their smartphones, which is what people are doing in the United Kingdom right now, then it's much more likely you're going to stay tuned for a long time."

More than $3.6 billion was wagered on sports at Nevada sports books in 2013. The American Gaming Association, citing the National Gambling Impact Study, estimates that as much as $380 billion is wagered illegally in the U.S. annually.

 

 


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k2-_2564f5e3-aa08-456b-81e9-b7cffd9b394d

Fako, Joe Fako I am the Pick Machine!!!


#2 ForceEight

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Posted 07 September 2014 - 05:35 PM

Risky position to have as commissioner. He's absolutely right, but it's kind of scary to imagine a league being a part of it. I don't know if I trust any sports league in this country enough to manage that.


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#3 papasmurfbell

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Posted 07 September 2014 - 06:01 PM

I was watching a vid on this.  These gambling houses sponsor the premier league to some degree.  It is not like these leagues are putting food on peoples tables in general.  I saw that $3 bil was bet legally but the illegal betting is thought to be $300 bil.  The tax revenue on that would help a lot of municipalities.


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k2-_2564f5e3-aa08-456b-81e9-b7cffd9b394d

Fako, Joe Fako I am the Pick Machine!!!





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