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NBA wants 1% of every bet made on an NBA game
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Wedge Offline
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NBA wants 1% of every bet made on an NBA game
Ha ha... no.

But you got to hand it to 'em for being upfront about their greed and not just sneaky, I guess.

Quote:Dan Spillane, an attorney for the NBA, testified in front of a New York State Senate committee and for the first time made it clear what the league's price would be to become a partner in legalizing the multibillion-dollar industry.

The NBA wants 1 percent of every bet made on its games in addition to other regulations, a request that could create massive revenue for the NBA and other sports leagues in the future.

Spillane also said the NBA wants more widespread access to gambling for its fans, pushing for bets to be made legal on smartphones and kiosks and not just inside casinos and racetracks. That would increase the amount of wagering and, in turn, create more revenue for the league under its desired plan.
http://www.espn.com/nba/story/_/id/22198...d-wagering
01-24-2018 02:08 PM
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dbackjon Online
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Post: #2
RE: NBA wants 1% of every bet made on an NBA game
Why shouldn't they get a cut?
01-24-2018 06:33 PM
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Wedge Offline
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RE: NBA wants 1% of every bet made on an NBA game
The casino's sportsbook gets a cut because it is the bank. It funds the payouts, it takes the risk, administers the betting, pays the employees. The NBA wants $1 of every $100 bet for doing nothing, or just as an enormous bribe to keep the NBA from deploying an army of lobbyists and millions in campaign contributions to oppose the expansion of legal gambling.

Now if the NBA wants to be like MGM or Harrah's or whomever and be a gambling operator, then they can take the house's profit like any other sportsbook. But legal sports betting has been going on for decades without the sportsbooks having to give up part of their own profits to a pro league or a college conference or whomever runs pro golf or tennis. They're not going to want to start now.
01-24-2018 08:19 PM
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PirateTreasureNC Offline
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RE: NBA wants 1% of every bet made on an NBA game
Ohh the NBA refs rigging games angle feels so genuine now.... lol.... Arguably, the NBA is already on the take.
01-24-2018 09:00 PM
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BadgerMJ Offline
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RE: NBA wants 1% of every bet made on an NBA game
(01-24-2018 09:00 PM)PirateTreasureNC Wrote:  Ohh the NBA refs rigging games angle feels so genuine now.... lol.... Arguably, the NBA is already on the take.

So the league wants 1% of every bet made.

That could amount to what, 10's of millions of dollars.

For that kind of money a league that already has a reputation of being "rigged" wouldn't POSSIBLY take steps to ensure certain outcomes.

The NBA became the WWE years ago and throwing 10's of millions of dollars more into the kitty would do nothing more than finish the transition.
(This post was last modified: 01-25-2018 12:03 PM by BadgerMJ.)
01-25-2018 12:03 PM
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Wedge Offline
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RE: NBA wants 1% of every bet made on an NBA game
Easily tens of millions of dollars if the NBA got everything on its wish list. If people could use their iPhones to legally bet on NBA games, the annual volume of bets would definitely be in the billions. But that seems like the least likely part of what the NBA asked for, both because legal betting on phones would be very difficult to regulate and very open to fraud, and because the existing sportsbooks would fight hard against "smartphone betting".

Giving the NBA (or any other pro league) a cut would also incentivize the league to change its rules in ways that would make it easier to bet more. For example, if betting was wide open, there would be many bets on which team will score more in each quarter or which team will be ahead after each quarter of the game. That would lead the league to take longer breaks between 1st/2nd and 3rd/4th quarters to give gamblers another couple of minutes to place those bets.

Not to mention that it opens up countless ways to fix a game or to fix the score at the end of a quarter or whatever. Tennis has this problem because of internet betting run out of Europe. There are several pro tennis matches every year investigated for gambling-related fixing or tanking. That's the future of the NBA (or NHL or MLB or NFL) if gambling on their games becomes that widespread.
01-25-2018 12:49 PM
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vandiver49 Offline
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RE: NBA wants 1% of every bet made on an NBA game
(01-24-2018 08:19 PM)Wedge Wrote:  The casino's sportsbook gets a cut because it is the bank. It funds the payouts, it takes the risk, administers the betting, pays the employees. The NBA wants $1 of every $100 bet for doing nothing, or just as an enormous bribe to keep the NBA from deploying an army of lobbyists and millions in campaign contributions to oppose the expansion of legal gambling.

Now if the NBA wants to be like MGM or Harrah's or whomever and be a gambling operator, then they can take the house's profit like any other sportsbook. But legal sports betting has been going on for decades without the sportsbooks having to give up part of their own profits to a pro league or a college conference or whomever runs pro golf or tennis. They're not going to want to start now.

I figured the bribe was that if the casinos didn't play ball the owners will allow in arena better as they do in Europe.
(This post was last modified: 01-25-2018 08:01 PM by vandiver49.)
01-25-2018 07:40 PM
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lew240z Offline
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RE: NBA wants 1% of every bet made on an NBA game
The NBA is calling it an integrity fee.03-lmfao
01-26-2018 12:57 AM
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vandiver49 Offline
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RE: NBA wants 1% of every bet made on an NBA game
(01-26-2018 12:57 AM)lew240z Wrote:  The NBA is calling it an integrity fee.03-lmfao

That is chuckle worthy
01-26-2018 09:17 AM
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