I don't understand why they think they deserve shit.
https://sports.yahoo.com/nba-seeks-1...182530499.html
NBA commissioner Adam Silver has long been open to legalized sports gambling, so long as its regulated properly, and it now appears the league has finalized its plan on how to do just that.
The NBA is seeking 1 percent of all wagers made on its games if sports gambling is federally legalized, an attorney for the league told a New York State Senate committee on Wednesday, according to ESPN’s Brian Windhorst. Pending a U.S. Supreme Court ruling on the matter come spring, the NBA will also reportedly push for its expansion to smartphones and other real-time alternatives to casinos.
“We have studied these issues at length,” NBA attorney Dan Spillane said in a statement to lawmakers, via Windhorst. “Our conclusion is that the time has come for a different approach that gives sports fans a safe and legal way to wager on sporting events while protecting the integrity of the underlying competitions.”
Spillane addressed the committee in New York as part of an effort to ensure the state is prepared with regulatory laws should the Supreme Court overturn a federal ban on sports gambling outside Nevada. The NBA, with Major League Baseball, recently backed a similar 1 percent “integrity fee” in Indiana.
As recently as five years ago, former NBA commissioner David Stern was an ardent supporter of the Professional and Amateur Sports Protection of 1992 — the same legislation that New Jersey is arguing against in front of the Supreme Court — but Silver turned the league’s tables with a 2014 New York Times op-ed piece titled “Legalize and Regulate Sports Betting,” arguing for the eradication of PASPA.
Silver expanded on that stance significantly while speaking on a panel alongside commissioners for the NFL, NHL and Major League Baseball at Manhattan’s Paley Center for Media this past summer:
“You get the direct data from those betting companies, and about 85 percent of the action is now so-called in-play. People don’t have the attention spans they used to. It’s not as if they want to bet the Knicks and then wait for three hours to see what happens. They want to bet throughout the game, so they’re betting on quarter scores, on particular players, on free throws and everything else, and independent of whatever revenue stream comes from licensing our intellectual property to those gaming companies, it results in enormous additional engagement in fans.
Now, imagine the financial windfall for the NBA if it takes 1 percent of every wager — from before games to potentially every possession within them — and you can begin to understand why the league would support regulating legalized sports gambling.
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The NBA Wants a 1% Cut of Sports Bets
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Originally Posted by Sam Losco
