Sep 4, 2014, 7:31 PM EDT
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.
Jul 4, 2015, 8:00 PM EDT
He would have to take a paycut, but Dallas needs help at the point.
Jul 4, 2015, 6:30 PM EDT
The Spurs are going to just keep going on, being the San Antonio Spurs
Jul 4, 2015, 5:01 PM EDT
Jul 4, 2015, 3:30 PM EDT
Bargain for Toronto — as long as the Raptors aren’t expecting any offense.
Jul 4, 2015, 2:00 PM EDT
The LaMarcus Aldridge Effect
Jul 4, 2015, 12:21 PM EDT
Biggest name left in free agency will make San Antonio a powerhouse.
Jul 4, 2015, 11:00 AM EDT
Cuban believes Jordan can average 20 points, 20 rebounds per game.
Jul 4, 2015, 9:30 AM EDT
Fits with West’s desire to play for a contender, but he’d have to take very little money to sign there.
Jul 4, 2015, 8:00 AM EDT
The Clippers went small the final five minutes of Game 7 against the Spurs, and it worked.
Jul 4, 2015, 12:33 AM EDT
At this price, it’s a fair pickup for New Yor, giving hem another role player.
Jul 3, 2015, 11:03 PM EDT
Hopefully Scott Skiles will play Harris this time.
Jul 3, 2015, 10:30 PM EDT
Curry is just that good.
Jul 3, 2015, 9:00 PM EDT
A big reason Jordan left L.A. to sign with the Mavericks.
Jul 3, 2015, 7:37 PM EDT
Beverley’s defense provides a perfect complement to James Harden.
Jul 3, 2015, 7:34 PM EDT
Rondo is not exactly going to space the floor for Cousins.
Jul 3, 2015, 7:10 PM EDT
They would make solid backups at a fair price.
Jul 3, 2015, 6:27 PM EDT
He is a good fit in the Rockets’ up-tempo system.
Jul 3, 2015, 5:15 PM EDT
She’s a San Antonio assistant coach
Jul 3, 2015, 4:31 PM EDT
Key for the Wizards is this is a one-year deal, so they save their cap space for a Kevin Durant offer next summer.
Jul 3, 2015, 4:00 PM EDT
This is a huge blow to the Clippers roster.
- Spurs reset franchise for post Tim Duncan life in one impressive week 3
- Report: Lakers ‘actively discussing’ trade for Roy Hibbert with Pacers 22
- LaMarcus Aldridge has chosen to sign with Spurs 78
- Who should Clippers get to replace DeAndre Jordan? How about Blake Griffin. 42
- Report: Tobias Harris reaches four-year, $64 million extension to stay with Orlando 25
- Report: Rajon Rondo agrees to one-year, $9.5 million deal with Sacramento Kings 47
- Report: DeAndre Jordan agrees to four-year, $80 million deal to join Dallas Mavericks 57
- Report: Kings signing Marco Belinelli to three-year, $19 million contract 19