Sports Leagues Want A Cut Of Gambling Legalization - NextSportStar

Sports Leagues Want A Cut Of Gambling Legalization

By on January 11, 2018
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We’ve seen it in many other areas of the government but ever since there were whispers of legalized sports gambling in the United States, it seems that more parties are gearing up to get their own piece. Indiana introduced the bill initially, opening up the opportunity for sports gambling in various sectors and as a result, both Major League Baseball and the National Basketball Association are looking to get their cut, an integrity fee as they call it, which is essentially a percentage of the wagers. The reported amount is one percent of the wagers made.

But the supreme court would still have to realize this first, and they are currently looking at the ban and will come to a decision in the coming months. After its approval, the respective state itself would have to approve the issue before any changes could be made. In the past, Robert Manfred, commissioner of the NFL has been agnostic about the idea and Adam Silver, the commissioner of the NBA, outright supportive.

Like anything that is outlawed, as soon as there are talks to legalize it, people affected by its legalization will follow the money. Colorado did it when marijuana was legalized, and the Ontario government did it when it sold off the 407 land. It’s happened before and it will happen again. If not in Indiana, someplace else. The law will inevitably change, it’s just a matter of wondering who will be the fastest to reap the benefits of it.

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