Former NBA Commissioner David Stern to Give Speech on Legal Sports Betting
Former NBA head honcho David Stern is scheduled to give a speech pledging his support for legalizing sports betting across the United States.
Stern is one of multiple featured speakers for the Global Gaming Expo, which takes place at the Sands Expo and Convention Center in Las Vegas on September 29.
In addition to Stern, the head of the American Gaming Association (AGA) Geoff Freeman will also be speaking.
What's interesting is that whilst in a position of power, Stern was outspoken against sports betting, unlike current NBA commissioner Adam Silver who penned an op-ed in the NY Times nearly two years ago supporting a regulated sports betting industry. Stern unleashed the following verbal daggers against sports betting in a 2012 deposition during the NJ sports betting case:
"New Jersey's contemplated sports betting scheme threatens to harm irreparably not only the unique relations the NBA enjoys with its existing fans, but also the league's potential relationship with future fans, who may form allegiances to a particular team because they are drawn instead to the competing interest of the betting line and the money that can be made from it."
As pointed out in a report by ESPN, the NBA has already lined their pockets with equity from the daily fantasy sports betting industry. A legalized sports betting industry would give citizens the comfort of dealing with local companies and protect them from the at times turbulent waters associated with online betting, and generate millions in revenue for each state to put back into education, not to mention put many Americans back to work. While there are plenty of legitimate online sportsbooks, many Americans are old-fashioned and prefer the Vegas experience of walking up and placing a bet in person.
Sportsbook Review reported earlier this week that New Jersey lost again in an appeals court for their push to bring sports betting to Atlantic City casinos. NJ State Senator Raymond Lesniak is hoping that the Supreme Court will decide to hear the case and repeal the archaic federal legislation The Professional and Amateur Sports Protection Act of 1992 (PASPA), which limits sports betting to the confines of Nevada, Delaware, Oregon, and Montana.