Sep 4, 2014, 7:31 PM EST
NBA commissioner Adam Silver believes that legalized sports betting beyond Las Vegas is coming, and when it does, he has no reservations about the league participating.
Professional sports leagues in the states have traditionally been opposed to the legalization of gambling on their events, because in addition to it being publicly unsavory, it could potentially open up a whole host of problems.
Silver hasn’t exactly said he’s in favor of it, but as he continues to show an exceptional degree of pragmatism in his early months as commissioner, he said that this is something he sees coming, and will embrace it the moment that betting on the sport he governs becomes an acceptable legal option.
While the NBA did not support New Jersey Governor Christopher Christie’s plan to implement sports gambling, the league does expect to face and profit from the broadening of legal sports gaming in the U.S., Silver said at the Bloomberg Sports Business Summit in New York.
“It’s inevitable that, if all these states are broke, that there will be legalized sports betting in more states than Nevada and we will ultimately participate in that,” said Silver, 52. …
“If you have a gentleman’s bet or a small wager on any kind of sports contest, it makes you that much more engaged in it,” Silver said. “That’s where we’re going to see it pay dividends. If people are watching a game and clicking to bet on their smartphones, which is what people are doing in the United Kingdom right now, then it’s much more likely you’re going to stay tuned for a long time.”
The benefits to league growth that Silver mentioned are indeed very real; just ask the NFL about that.
Professional football in the states is essentially designed for gamblers. In addition to the weekly point spreads, fantasy football is more popular than ever, and gives millions of fans a stake in multiple games that they would otherwise have little to no interest in caring about at all.
If legalized sports betting becomes more widely available, then Silver is right to get behind it this far in advance. The oddsmakers in Vegas are the first to police the industry, in that the moment big money starts rolling in on one particular game, they immediately know something is up. Legalization keeps everything honest in this regard, and while some will see Silver’s remarks as a negative, in reality, he is simply seeing the future.
Mar 5, 2015, 3:11 PM EST
Recapping a month-long Nike Basketball training experience, which featured workouts run by Tim Grover, Jerry Powell and Idan Ravin — who have trained guys like Kobe Bryant, Kevin Durant and LeBron James. Also includes performance reviews of Nike’s latest basketball shoes.
Mar 5, 2015, 2:31 PM EST
Dispute reportedly over terms of second season
Mar 5, 2015, 1:36 PM EST
Sager will be on the sidelines for Thursday night’s Bulls-Thunder matchup.
Mar 5, 2015, 1:26 PM EST
Bulls guard pledges money to school
Mar 5, 2015, 12:53 PM EST
Warriors guard shows up Bucks
Mar 5, 2015, 12:11 PM EST
Nine players have ended a day leading the NBA in points per game this season
Mar 5, 2015, 11:41 AM EST
Suns wing might be NBA’s best dunker
Mar 5, 2015, 11:04 AM EST
Chris Paul frantically tries to get Jordan’s attention
Mar 5, 2015, 10:28 AM EST
Whiteside posts monster 18-25-4 in win over Lakers
Mar 5, 2015, 9:49 AM EST
Center will reportedly receive two-year contract
Mar 5, 2015, 9:11 AM EST
At least one Spur appears to be peaking
Mar 5, 2015, 8:30 AM EST
He got a flagrant one for this foul.
Mar 5, 2015, 8:00 AM EST
Jason Smith dancing
Mar 5, 2015, 2:47 AM EST
Westbrook is putting up Jordan numbers.
Mar 5, 2015, 2:10 AM EST
This after the Celtics just smacked the Timberwolves pretty good.
Mar 5, 2015, 12:05 AM EST
Mar 4, 2015, 11:15 PM EST
Marc Gasol is a beast.
Mar 4, 2015, 10:38 PM EST
Who was that masked man?
Mar 4, 2015, 9:58 PM EST
Why didn’t Utah have Rudy Gobert protecting rim?
Mar 4, 2015, 9:35 PM EST
What penalty should Frazier receive?
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