NBA Commissioner Considers Looking at Possible Revenues From Legalized Sports Wagering

NBA Commissioner, David Stern, has actually granted Ian Thomsen of SI.com an interview. And because of this said interview, some issues on legalized sports wagering have resurfaced.

One of the issues worth mentioning, has actually something to do with legal gambling being limited to Nevada. Stern indeed said to Thomsen that anti-gambling stand of sports leagues came in a different time and that now, US residents have actually changed. NBA just acknowledges these.

Stern indeed said, “I think that that league policy was formulated at a time when gambling was far less widespread — even legally”, and that “but having said that, it’s now a matter of national policy: gambling is good”.

Along the way, Stern was able to said some things about the position of NFL with regards to legal sports betting, setting aside the idea that such activity would in a way make possibility of game results corruption even greater.

Stern said that the threat for such possibility to be is just the same for both legal and illegal. But he then said, “buried within that threat there may be a huge opportunity as well”.

When asked during the interview about regulated sports gambling not being enough to protect NBA games while trying to produce new revenues for both the league and federal and state governments, Stern, without hesitation, gave a negative answer for the question. Most likely, future NBA leaders should consider looking at changing his answer. Thus, this goes without saying that these leaders should be at their best form to be able to do so. Certain things must be taken into consideration.

Stern considers looking at possible revenues from legalized sport wagering, revenues that might just be for the league and at the same time for federal and state governments. But naturally, if these possible revenues will turn into reality or not, this we all still don’t know.

Related posts:

• Legalized NFL Betting “Legalized NFL betting,” says Houston owner Robert McNair, ‘is inevitable.” Apparently the league is fighting a losing battle in their efforts to discontinue it. Executives in the National Football League have been fighting this battle for years, and it has...
• Another Sports Betting Operator Claimed Drop in Third Quarter Net Revenues Earlier this month, Ladbrokes reported a fifteen percent drop in third quarter net revenues based on own accounting books. The famous sports betting operator cited the exceptionally low football margin as the reason of the said drop. But unfortunately, another...
• Corzine Still Part of a Court Challenge to the Legitimacy of Law Regarding Sports Betting Governor Jon Corzine is still a part of court challenge to the legitimacy of a law about sports betting. To be specific, it is a law outlawing sports betting in most states in US. A federal judge has actually kept...
• What Australian Sports Betting Firms Can Do Now Being Questioned Many questions have already been thrown to the Australian government regarding its own online gambling laws particularly the ones limiting that Australian sports betting firms with what they can do. Thus now, it is considering the idea of a major...
• Delaware Disappointed with Ruling on Sports Betting In the last weeks of August, Delaware’s state legislature ruled that only parlay wagering on NFL games would be allowed. This limit was disappointing as it was expected the limit would be more extensive or nonexistent. The law passed allows...