Geoff Freeman, the president and CEO of the American Gaming Association, appreciates the NBA’s stance on legalized gambling across the country but did not support the league’s call for 1% compensation.
“We are pleased that the NBA today joined with the gaming industry in support of vigorously regulated sports wagering,” Freeman said in a statement. "We can all agree that the 25-year ban on sports wagering has been a failure in every regard. Now, let’s get real about eliminating the illegal market, protecting consumers and determining the role of government — a role that most certainly does not include transferring money from bettors to multi-billion dollar sports leagues.”
NBA spokesman Mike Bass countered: “Sports leagues provide the foundation for sports betting while bearing the risks it imposes, even when regulated. If sports betting is legalized federally or state by state, we will need to invest more in compliance and enforcement, and believe it is reasonable for operators to pay each league 1% of the total amount bet on its games to help compensate for the risk and expense created and the commercial value our product provides them. This is a similar approach to legally-regulated sports betting in other international jurisdictions.”
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